Data: Whale Profits $3.24 Million from Short-term Arbitrage by Buying Low and Selling High 30,000 ETH via OTC
According to ChainCatcher, on-chain analyst Ember has monitored that a whale/institutional address purchased 30,000 ETH through Wintermute OTC 6 hours ago at a price of $2,513, with a total cost of approximately $75.39 million USDC.
This address had previously sold the same amount of ETH on May 22 at a unit price of $2,621, making a profit of about $23.73 million (+43%). This round of low-level replenishment allowed for an additional arbitrage of $3.24 million between the two transactions.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Bitget launches new VIP upgrade program with individual rewards up to 1,800 USDT
Compass Mining and Onmine Launch 10MW Bitcoin Mining Facility in Texas
Trending news
MoreCrypto prices
More








