Whale sold 197 WBTC, gaining 20.44 million USD

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On May 14, a whale withdrew 197.1 WBTC from a cryptocurrency exchange and transferred it to an on-chain wallet. After that, the whale sold WBTC for 103,697 USD for 20.444 million USDT. Right after that transaction, the USDT was transferred back to the exchange, completing a short term arbitrage transaction.

This activity demonstrates the ability to profit from leveraging the price differences between the exchange and on-chain price. The trades were executed quickly and efficiently, showcasing the trader’s agility in optimizing profits.

The information above is intended to provide to the market and is not investment advice.

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