In a noteworthy development reported by COINOTAG News on December 31st, an arbitrage trading whale capitalized on the recent surge in ETH prices. As per data from Ashes Monitor, the whale executed a strategic sell-off of 25,204.6 ETH purchased earlier in the day for an impressive $82.34 million USDT. This transaction culminated in a sale at $3,417 per ETH, resulting in a substantial return of $86.12 million USDT and a profit margin of $2.4 million.
This particular whale’s trading activity has been remarkable, completing 23 arbitrage transactions throughout 2024, which collectively netted a profit of $7.77 million. Impressively, this trader managed to achieve gains in 19 of those transactions, demonstrating a sound grasp of market fluctuations and execution timing.