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ETH Swing Profit Whale Buys 30,000 ETH in a Bottoming Strategy Over the Last 8 Hours, Worth $723.2 Million

ETH Swing Profit Whale Buys 30,000 ETH in a Bottoming Strategy Over the Last 8 Hours, Worth $723.2 Million

2025-06-21 09:46

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ChainThink reports: According to Ember's monitoring, a whale/institution that made $30.45 million from two ETH wave trades has continued to buy 30,000 ETH in the last 8 hours after the recent drop. After the drop, this whale transferred 58.91 million USDC to Wintermute and 24 million USDC to Coinbase. Then, they withdrew 24,000 ETH from Wintermute and 6,000 ETH from Coinbase. Since their third ETH wave started on 6/11, they have spent a total of $297 million USDC to purchase 115,400 ETH within 10 days, with an average price of around $2,574, currently facing a floating loss of $18.35 million.

Disclaimer: Contains third-party opinions, does not constitute financial advice

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