ETH WHALE SWAPS $32.55M IN ETH, RECEIVES JUST $30.94M!
A whale has reportedly withdrawn 8,876 $ETH from Aave before swapping 16,700 ETH for USDT through CoWSwap.
On-chain data shows:
• ETH transferred: 16,700 (~$32.55M)
• USDT received: $30.94M
• Difference: ~$1.61M
The same whale reportedly bought 8,631 ETH at an average price of $2,743 just one month ago.
That's a significant gap between the displayed ETH valuation and the swap proceeds, although it doesn't necessarily represent the whale's realized trading loss.
Is this panic selling or a strategic exit? 👀
#Ethereum #OnChain
#Ethereum
$BTC $ETH
A whale has reportedly withdrawn 8,876 $ETH from Aave before swapping 16,700 ETH for USDT through CoWSwap.
On-chain data shows:
• ETH transferred: 16,700 (~$32.55M)
• USDT received: $30.94M
• Difference: ~$1.61M
The same whale reportedly bought 8,631 ETH at an average price of $2,743 just one month ago.
That's a significant gap between the displayed ETH valuation and the swap proceeds, although it doesn't necessarily represent the whale's realized trading loss.
Is this panic selling or a strategic exit? 👀
#Ethereum #OnChain
#Ethereum
$BTC $ETH