BlockBeats News, October 4th, according to on-chain data analyst Wu Ji, a whale/institution that previously profited $85.34 million from an ETH arbitrage trade today once again took profit by selling 12,500 ETH (approximately $56.77 million).
Reportedly, the address sold 12,500 ETH for 56.77 million USDC through FalconX, with a selling average price of $4,542. Most of the 60,333 ETH bought by this address during a bottom-fishing strategy in late September has now been sold: in the past 3 days, 55,830 ETH has been sold for 247 million USDC, realizing a profit of $9.3 million.