PANews reported on May 26 that according to the monitoring of on-chain analyst Yu Jin, the whale/institution that sold 30,000 ETH through Wintermute OTC 4 days ago bought back the 30,000 ETH 6 hours ago. It made a profit of 3.24 million US dollars by doing an ETH band.
◎On May 22, they sold 30,000 ETH through Wintermute OTC and made a profit of US$23.73 million (+43%). The selling price was US$2,621.
◎Today, they spent 75.39 million USDC to buy back the 30,000 ETH through Wintermute at a price of $2,513. The purchase price was $108 cheaper than the price they sold a few days ago. This is equivalent to a profit of $3.24 million.
