Smart Money Address Acquires 13,700 ETH Amid WBTC Arbitrage Success

2026-01-20 10:18

A prominent 'smart money' address, known for profiting $14.26 million from WBTC arbitrage, has accumulated 13,700 ETH since January 1, 2026. This acquisition, valued at approximately $43.91 million, includes a recent withdrawal of 1,000 ETH from Kraken, now held as collateral in the Aave protocol. The average purchase price of the ETH was $3,205, leading to a current floating loss of about $216,000.

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