Whale Profits from ETH Trade and Invests in WBTC

11/17/2024 2:52:59 PM

According to EmberCN, a large whale or institution has taken profits from a recent Ethereum trade. The entity borrowed 33 million USDC from Aave and purchased 11,486 ETH at a price of $2,873 each. After holding the ETH for 10 days, they sold all of it at an average price of $3,083 within the last half hour, realizing a profit of $2.4 million. After repaying the loan, the profits were converted into 26.6 WBTC. (Source)

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