According to on-chain analyst Ai Yi (@ai_9684xtpa), a wallet that previously made $98.18 million in profit from swing trading received 10,000 ETH (approximately $28.96 million) from Wintermute at the bottom of the recent ETH price decline, likely through an off-exchange transaction. Since yesterday, this address has accumulated a total of 30,000 ETH (approximately $88.37 million), with an average cost of around $2,945.7 per ETH. The current unrealized profit stands at $973,000.
Large ETH Whale Adds 10,000 ETH at $2,896 Price Level
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Summary
The ETH price experienced a significant movement as a large whale added 10,000 ETH at $2,896, likely through an off-exchange transaction with Wintermute. The address has now purchased 30,000 ETH since yesterday, valued at $88.37 million, with an average cost of $2,945.7. ETH analysis indicates an unrealized profit of $973,000 as the position remains open.
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