ETH Arbitrage: Whale Profits $3.24 Million After Trading 30,000 ETH via Wintermute OTC

On May 26th, COINOTAG News reported a significant transaction by a cryptocurrency whale, as revealed by on-chain analyst Yu Jin. Four days prior, this entity sold **30,000 ETH** through Wintermute OTC, capitalizing on favorable market conditions. In a strategic move, they repurchased the same amount just six hours ago, executing an **ETH arbitrage** strategy that yielded a commendable **$3.24 million** profit.

On May 22, this whale initially liquidated their holdings for **$23.73 million**, realizing a gain of **43%** at a selling price of **$2,621** per ETH. The recent repurchase saw them invest **$75.39 million USDC** to acquire the ETH at a significantly lower average price of **$2,513**. This purchase, priced **$108 cheaper** than their previous sale, effectively locked in a substantial profit, showcasing the potential of strategic trading within the volatile crypto market.