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A giant whale bought 393.3 WBTC on the chain and exchanged it for 7,567 ETH on Uniswap through unilateral liquidity.

A giant whale bought 393.3 WBTC on the chain and exchanged it for 7,567 ETH on Uniswap through unilateral liquidity.

CointimeCointime2024/01/10 03:53
By:Cointime

As monitored by on-chain analyst Yu Jin, a whale spent 18.36 million USDC to buy 393.3 WBTC on the chain yesterday. However, with the ETH/BTC exchange rate rebounding early this morning, the whale sold the 393.3 WBTC on Uniswap an hour ago, exchanging them for 7,567 ETH through a single-sided liquidity provision. As a result, the cost of the whale's ETH reached $2,427, which is higher than the current price.

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Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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