Three “Smart Whales” Bought Large Amounts of ETH

With the recent spike in the cryptocurrency market, some whales are apparently trying to turn this price decline into an opportunity. One of these investors was a whale, who woke up after a five-month sleep and used 1.52 million USDC 21 hours ago to buy 907.4 Ethereum at an average price of $1,680, and has been described as a smart whale by his past transactions. The whale in question is known for having a history of buying low and selling high in all previous ETH trading cycles and has made an estimated $600,000 profit so far.

Another whale, identified as 0xee2, spent 11.15 million USDC and bought 5,120 wrapped ETH (WETH) and 1,506 ETH at an average price of $1,683. Prior to the acquisition, the whale in question had invested 6,676 ETH and 2,747 staked ETH (stETH) to borrow 8 million USDC from Aave, a decentralized lending platform.

A third wallet, known as the smart trader and labeled 0x828, raised 2.6k ETH at an average price of $1,682, spending a total of $4.38 million. This trader made an impressive $14.17 million profit in the last two ETH trading cycles. It currently holds 22,601 ETH worth $37.8 million at the current price.

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