Whale Profits from ETH Trade and Converts to WBTC

11/17/2024 2:52:59 PM

According to EmberCN, a large crypto trader or institution recently took profits from an Ethereum trade. The trader borrowed 33 million USDC from Aave to purchase 11,486 ETH at $2,873 each. After holding the ETH for 10 days, they sold all of it for an average price of $3,083, realizing a profit of $2.4 million. The profit was then used to purchase 26.6 WBTC after repaying the loan. (Source)

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