With the recent spike in the cryptocurrency market, some whales are apparently trying to turn this price decline into an opportunity.
One of these investors was a whale, who woke up after a five-month sleep and used 1.52 million USDC 21 hours ago to buy 907.4 Ethereum at an average price of $1,680, and has been described as a smart whale by his past transactions.
The whale in question is known for having a history of buying low and selling high in all previous ETH trading cycles and has made an estimated $600,000 profit so far.
At the time of this writing, ETH price is trading at $ 1664.
Another whale, identified as 0xee2, spent 11.15 million USDC and bought 5,120 wrapped ETH (WETH) and 1,506 ETH at an average price of $1,683. Prior to the acquisition, the whale in question had invested 6,676 ETH and 2,747 staked ETH (stETH) to borrow 8 million USDC from Aave, a decentralized lending platform.
A third wallet, known as the smart trader and labeled 0x828, raised 2.6k ETH at an average price of $1,682, spending a total of $4.38 million. This trader made an impressive $14.17 million profit in the last two ETH trading cycles. It currently holds 22,601 ETH worth $37.8 million at the current price.
*Not investment advice.
