According to BlockBeats, on September 6, an on-chain analyst named Yu Jin reported that a significant whale trader recently executed a series of strategic trades, resulting in an increase in their Ethereum (ETH) holdings. Approximately 20 minutes prior to the report, the whale used 12.23 million USDT to purchase 5,153 ETH. Initially, the whale had 3,586 ETH, which has now grown to 5,574 ETH through three rounds of trading.
The first trade involved selling 3,586 ETH at $3,667 each, converting them into 13.15 million USDT. The whale then repurchased 5,236 ETH at $2,512 each, resulting in an increase of 1,650 ETH. In the second trade, the whale sold 4,818 ETH at $2,514 each, converting them into 12.11 million USDT. They then bought back 5,093 ETH at $2,378 each, gaining an additional 275 ETH. The final trade saw the whale selling 5,093 ETH at $2,402 each, converting them into 12.23 million USDT. They subsequently repurchased 5,153 ETH at $2,375 each, adding 60 more ETH to their holdings.
These strategic trades demonstrate the whale's ability to capitalize on market fluctuations, significantly increasing their ETH holdings through calculated buying and selling. The whale's actions highlight the potential for substantial gains through well-timed trades in the cryptocurrency market.
