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A certain Whale/Institutional Address bought back 30,000 ETH 6 hours ago, conducting a swing trade and earning a $3.24 million profit.

2 days ago

On May 26th, as monitored by on-chain data analyst Yu Jin, 4 days ago, a whale/institution sold 30,000 ETH through Wintermute OTC. And 6 hours ago, they bought back the same 30,000 ETH. They carried out an ETH arbitrage and earned a profit of $3.24 million. It is reported that on May 22nd, they sold 30,000 ETH through Wintermute OTC and earned $23.73 million (+43%), with a selling price of $2,621. Today, they used $75.39 million USDC to buy back the same 30,000 ETH through Wintermute, with an average price of $2,513. The buyback price was $108 lower than the selling price a few days ago, resulting in a locked profit of $3.24 million.

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