Anonymous whale makes $30.45M with 2 ETH trades over 2 months

A wallet address belonging to an anonymous whale, likely to be an institutional investor, has made $30.45 million in profits from just two Ethereum (ETH) trades over the course of the last two months. Pseudonymous on-chain analyst EmberCN outlined on X that the wallet was used to buy 30,000 ETH with 54.9 million USDC at an average buying price of $1,830 through Wintermute on April 27. It sold off this ETH on May 22 at an average selling price of $2,621. The profit realized at that time was $23.73 million. In addition, on May 25, it repurchased 30,000 ETH with 75.39 million USDC at an average buying price of $2,513, also through Wintermute. It subsequently sold this ETH on June 10, adding $6.72 million in profit. The whale earned $30.45 million through two swing trades in two months.