Sign in

Token ETH

Aug 30, 2023

SOC logo

SOC Team

Whale bought back $ETH as market bounced back

Inflow

Total tokens transferred

Token ETH

10K

ETH

Token USDC

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.

#whale
#eth
#pump