CoinVoice has recently learned that, according to monitoring by Yu Jin, a whale/institution that made a profit of 30.45 million dollars through two ETH waves has continued to buy the dip, purchasing 30,000 ETH (worth 72.32 million dollars) in the last 8 hours after the market decline. After the drop, this whale/institution transferred 58.91 million USDC to Wintermute and 24 million USDC to Coinbase, then withdrew 24,000 ETH from Wintermute and 6,000 ETH from Coinbase.
Since the start of the third ETH wave operation on June 11, a total of 297 million USDC has been spent to buy 115,400 ETH over 10 days, with an average price of around 2574 dollars, currently showing an unrealized loss of 18.35 million dollars. There are only 30 million USDC left available for purchase at this address, and if there is no leveraged purchase through mortgaging ETH to borrow USDC, this round of purchases may soon be completed. [Original link]
