The deployer of cVault Finance sold 12,000 ETH eight hours ago, making a profit of 16 million USD

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Bitget2024/01/13 06:10

According to on-chain analyst Yu Jin, the deployer address of cVault Finance obtained 17,040 ETH through the initial distribution of project token CORE in 2020;

From April to September 2021, these ETH were sold at a price of $2,718 each and exchanged for 46.31 million DAI;

In November-December 2022, they used 20 million DAI to buy back 16,227 ETH at an average price of $1,232 during the market bottom;

8 hours ago, they sold 12,000 ETH (worth $30.8 million) at an average price of $2,568 each and made a profit of $16 million.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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