A cryptocurrency whale executed a highly profitable trade by strategically swapping between Wrapped Bitcoin (WBTC) and Ethereum (ETH), ultimately gaining over 11 additional BTC.
According to on-chain analyst Ai Yi, the whale first exchanged WBTC for ETH in early May before reversing the trade back into WBTC approximately two months later. This timely swap capitalized on favorable market movements throughout the holding period.
During these two months, ETH’s price surged significantly—rising 48.7% from $2,527 to $3,759. Consequently, when the whale converted the position back to WBTC, they secured an additional 11.64 BTC tokens, equating to approximately $1.364 million based on valuation at the time of reconversion.
The profits exemplify sophisticated portfolio maneuvering by large-scale investors seeking to leverage cross-asset volatility within decentralized financial markets, all without requiring intermediaries.