Whale Trader Executes Profitable Day Trade, Selling ETH Bought Earlier That Morning, Netting $2.4 Million

BlockBeats News, December 31st. According to Ashes Monitor, with the rebound in ETH price tonight, the arbitrage trading whale sold the ETH bought earlier this morning in the past half an hour, realizing a profit of $2.4 million.

The arbitrage trading whale bought 25,204.6 ETH this morning using $82.34 million USDT at $3,322 and sold all of it tonight at a price of $3,417, exchanging it back for $86.12 million USDT. They made a profit of $2.4 million.

This whale has conducted a total of 23 rounds of arbitrage in 2024, accumulating a profit of $7.77 million. Out of the 23 rounds, there were only 4 losses and 19 gains.