On May 12th, COINOTAG reported significant activity in the **Ethereum** market, highlighting a substantial swing trade executed by prominent **ETH** whale **nemorino.eth**. The trader acquired **3,088 WETH** at an average cost of **$2,488**, aggregating to an impressive **$7.68 million** investment. This strategic move underscores the increasing importance of on-chain analytics in crypto trading.
Just hours following the purchase, the entirety of the acquired WETH was transferred to **Aave**, a decentralized finance platform. This transaction is noteworthy as the whale is already realizing an unrealized gain of **$124,000**, reflecting the volatility and opportunities within the **cryptocurrency** space. Such actions from large holders often signify broader market trends, making it essential for investors to monitor movements of major players in order to inform their trading strategies.
Source: https://en.coinotag.com/breakingnews/eth-whale-nemorino-eth-makes-7-68m-swing-trade-and-deposits-3088-weth-into-aave/