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I just saw an interesting whale movement on Cowswap. This address just placed a limit order for 5,000 WETH, totaling about $11 million. Nothing special at first glance, but the history of this wallet is what catches attention.
The guy bought Ethereum on March 30th at $1,985 each. If he sells now at these prices, he's closing a profit of approximately $1.085 million. Basically, it's the kind of swing operation some whales do with inherited capital, moving tens of millions without breaking a sweat.
The interesting part is that this address uses WETH to make these trades on Cowswap, probably to have more flexibility in swaps. With ETH rising a bit since March, it’s probably a good time for him to realize the gains. These whale movements are usually a good sign that someone is confident in the current prices.