According to on-chain analyst Ember (@EmberCN), an institutional investor recently completed a set of ETH band transactions through Wintermute OTC. The agency sold 30,000 ETH at $2,621 on May 22 for a gain of $23.73 million. It then paid 75.39 million USDC to repurchase the same amount of ETH at $2,513 today for a gain of $3.24 million in this round.
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