Aug 30, 2023
SOC Team
Whale bought back $ETH as market bounced back
Inflow
Related addresses
Total tokens transferred
10K
ETH
17.14M
USDC
Whale 0x828 spent 17.14M $USDC to buy back 10K $ETH at $1,714 on average, shortly after the market bounced back post-Grayscale's lawsuit victory against the SEC:
- currently holds 22,000 $ETH ($37.8M)
Notably, the whale has not been performing well in this third and latest $ETH trading cycle:
- accumulated 22,665 $ETH from Binance and Uniswap at $1,898 on average ($43M) between June 22 and August 18, 2023
- dumped 10.6K $ETH for 17.193M $USDC at $1,622 on average during the market crash on August 23 and realized a loss of $2.92M (previous signal here)
- quickly bought back 4K $ETH at $1.69K ($6.76M) on August 23 and sold at just ($6.55M) on August 25. Realized loss: $210K in just 2 days
- total estimated loss: $5.27M
Nonetheless, the whale used to earn a total of $14.53M from its $ETH and $MKR investment:
- gained $14.17M from the first two $ETH trading cycles (previous signal here)
- gained $357K (+10.67%) from $MKR yesterday (previous signal here)
Fig 1. Whale 0x828 bought 10K $ETH at $1,714 on average ($17.14M $USDC) just now.
Fig 2. Whale 0x828's PnL in the third and latest $ETH trading cycle.