A crypto whale who masterfully traded Ethereum (ETH) to the tune of $36 million in profit last year is once again in accumulation mode.
According to the on-chain analytics firm Looksonchain, the whale appears to be a smart money institution that bought ETH at the bottom and sold it at the top in 2022.
[adinserter block="1"]This year, the whale is jumping back into the market, once again accumulating Ethereum as well as three ETH-based altcoins.
Looksonchain says the institution’s crypto wallet received 7,669 ETH from Binance on January 4th and on February 22nd, at an average price of $1,492.
ETH is now worth $1,569 at time of publishing, down 0.1% in the last 24 hours.
The institution has also received a total of 86,976 Compound (COMP) from Binance since the start of the year, with the most recent trade executed on Friday, March 3rd.
The average receiving price is $39, and COMP is trading at $46 at time of publishing.
In addition, the institution received 83,815 AAVE in two trades back in January at an average price of $57.
AAVE is now worth $76.70 at time of publishing.
Flash forward to today, when the whale made its most recent trade on Binance for 919,998 Uniswap (UNI), with its price at $6.
According to Looksonchain, the institution in question appears to be linked to IOSG Ventures because it utilizes the same Binance deposit address.
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