A whale wallet that had been inactive for two years became active again on Aug. 16, according to monitoring data from OnchainLens. The address borrowed 816,400 WETH from Morpho and Spark to execute an arbitrage trade valued at roughly $153.6 million. Despite the size of the transaction, the trade generated just $1.88 in revenue. After paying $1.53 in fees, the wallet was left with a net profit of only $0.36. The move stands out for the sharp contrast between the capital involved and the final return recorded on-chain.
A whale address that had been dormant for two years became active again on Aug. 16 and borrowed 816,400 WETH from Morpho and Spark for an arbitrage trade, according to OnchainLens.
The transaction was worth about $153.6 million. It brought in $1.88 in revenue and incurred $1.53 in fees, leaving a final net profit of $0.36.
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