Huo Xing Cai Jing reports that on April 21, according to EmberCN monitoring, the whale 0x8ad earned 143 ETH, worth $330,000, by actively purchasing aEthWETH (Aave ETH deposit receipt). Over the past 13 hours, the whale withdrew 13,000 ETH ($30 million) from exchanges and swapped them for 13,143 aEthWETH (Aave ETH deposit receipts), then used the aEthWETH to repay 1:1 the ETH loan originally taken on Aave.
Whale Earns 143 ETH ($330K) Through aEthWETH Arbitrage
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Summary
ETH news: On April 21, a whale with address 0x8ad earned 143 ETH ($330,000) through aEthWETH arbitrage. Over 13 hours, the whale withdrew 13,000 ETH ($30 million) from an exchange, swapped it for 13,143 aEthWETH, and used the tokens to repay ETH loans on Aave at a 1:1 ratio. ETH update: This move highlights rapid opportunities in DeFi markets.
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