Whale Profits $74.92M Scalping ETH — Buys 18,000 ETH with $80.77M USDC via Wintermute, Sparking Rebound to $4,600
ETH/USDT
$39,049,302,904.94
$2,145.26 / $2,009.54
Change: $135.72 (6.75%)
-0.0018%
Shorts pay
COINOTAG reported on September 18 that on-chain analyst yujin identified a whale/institution acquiring 18,000 ETH early today via Wintermute, deploying about 80.77 million USDC at an execution price near $4,487 per ETH, coinciding with a rebound toward $4,600.
On-chain data show the 18,000-ETH tranche realized an immediate paper gain of roughly $2 million, while the same entity’s prior ETH scalping activity is reported to have generated approximately $74.92 million in profits; current allocations are listed at about 530 million USDC and 25,000 ETH (circa $114 million).
Flows of this magnitude can materially affect short-term liquidity and price depth on the Ethereum market; market participants are advised to monitor order flow, maintain prudent position-sizing, and apply robust risk-management protocols when assessing such on-chain movements.