Investor Acquires WETH with USDC Amid Market Volatility

An on-chain analyst identified as Ai Yi revealed that an unidentified address executed a transaction on August 15th, allocating 8.264 million USDC to purchase 1,778.7 WETH. The average cost for the WETH acquisition was approximately $4,646.4 per unit. This investor has actively engaged in two trading cycles throughout August, resulting in a combined profit of $930,000. One trade proved successful, while the other encountered challenges and resulted in a loss.