A whale bought 16,500 ETH after earning $30.45 million in Ethereum transactions

according to Spot On Chain monitoring, a savvy institutional investor made $30.45 million in Ethereum trading and sold out only to buy back in the next day, indicating a continued bullish attitude towards Ethereum.

The "whale" sold 30,000 $ETH at an average price of $2,621 through an OTC deal with Wintermute on June 10, totaling $78.63 million. This trade brought in a profit of $6.72 million after holding for 15 days, with a return rate of 8.91%. Since April 27, the total profit at this address has reached $30.45 million, with a return rate of 23.4%.

However, just 11 hours ago, this "whale" decided to take action again, buying back 16,500 $ETH from Wintermute at a higher average price of $2,818, costing $46.5 million.