PANews reported on May 26 that a whale/institution sold 30,000 ETH through Wintermute OTC four days ago and bought back the same 30,000 ETH six hours ago. They made a profit of $3.24 million from this ETH swing trade.
◎ On 5/22, they sold 30,000 ETH through Wintermute OTC for a profit of $23.73 million (+43%), at a selling price of $2,621.
◎ Today, they spent $75.39 million USDC to buy back the 30,000 ETH at a price of $2,513. The repurchase price was $108 cheaper than the selling price a few days ago. This resulted in a profit of $3.24 million.
