On-chain analytics reveal a significant market move as a prominent whale executed two flash loan transactions, netting a profit of $30.45 million. This entity strategically deployed approximately $30.058 million in USDC to capitalize on a recent market dip, acquiring 13,498 ETH in the process. Such activity underscores the growing influence of institutional players in the Ethereum ecosystem.
Since June 11, the same whale has accumulated a total of 132,000 ETH, spending around 33.6 million USDC over an 11-day span. The average acquisition price stands at $2,540 per ETH, reflecting a calculated approach amid market volatility. Despite these purchases, the address currently shows an unrealized loss nearing $39.76 million, highlighting the inherent risks in crypto asset accumulation.
Notably, the whale’s wallet holds no remaining USDC balance, indicating a full commitment to ETH holdings during this period. This behavior provides valuable insights into institutional trading patterns and market sentiment within the decentralized finance landscape.