A Whale Buys 16,500 ETH After Earning $30.45 million in Ethereum Trading

According to Spot On Chain, a savvy institutional investor made $30.45 million on the Ethereum trade and bought back just a day after selling, indicating its continued bullish attitude towards Ethereum. The "whale" sold 30,000 ETH at an average price of $2,621 over the counter with Wintermute on June 10, for a total of $78.63 million. The deal generated a profit of $6.72 million after 15 days of holding, yielding 8.91%.
Since April 27, the address's total profit has reached $30.45 million, a return of 23.4%. However, just 11 hours ago, the "whale" decided to act again, buying back 16,500 ETH from Wintermute at a higher average price of $2,818, costing $46.50 million.