Whale Initiates Third ETH Swing Trade with $42.3M Purchase After $30.45M Profit

COINOTAG reports that on June 11, a prominent institutional investor executed a significant third ETH swing trade, leveraging insights from Ember monitoring. This trader deployed $42.3 million USDC through Wintermute to acquire 15,000 ETH at an average price of $2,820 per ETH. Notably, this move follows two prior successful swing trades, cumulatively generating a profit of $30.45 million. Such activity underscores the strategic positioning of large market participants in the Ethereum trading ecosystem, reflecting confidence in short-term price volatility exploitation. This development highlights the growing influence of institutional capital in shaping crypto market dynamics and emphasizes the importance of monitoring whale transactions for market trend analysis.