According to Foresight News, a whale investor, who previously made a 22.7-fold return on Ethereum (ETH), equivalent to about $59 million, has once again profited on ETH, this time by $1.18 million. The investor had bought 2,847 ETH on May 21st at a price of $3,512 per ETH, spending a total of $10 million DAI. This purchase was made due to the increased likelihood of approval for an ETH spot ETF.
The price of ETH rose to nearly $4,000 last night, and the whale investor sold 3,025 ETH at a price of $3,904 each, converting it into 11.8 million DAI. This means that the investor made a profit of $1.18 million in just one week, bringing their total earnings on ETH to $60.24 million.