A certain whale borrowed a total of 19 million USDT from Aave and Compound, then purchased 4,952 ETH
According to on-chain analyst Yu Jin, the whale 0x5de...d57 borrowed a total of 19 million USDT from Aave and Compound in the last 33 hours, then bought 4,952 ETH at an average price of $3,837. This whale holds a significant amount of ETH, reaching 26,728 (worth $103 million), but a considerable part was purchased through leverage: he has stablecoin loans worth $66.35 million on Aave and Compound.
In addition, he also sold 402,875 UNI for $6.83 each (totaling $2.75 million) on April 17th. At that time due to the SEC's notice to Uniswap's Wells in the United States , UNI price fell from $11.6 to $5.9; he sold at market bottom and now UNI price has rebounded.
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.
You may also like
Decoding Dogecoin’s 16% pullback: Can DOGE recover from $0.10?
Polygon discloses security flaws fixed in recent hard forks
Ballard names GeoPura CEO Andrew Cunningham as president, adds him and Lord Harrington to board
Ballard Power closes GBP 275 million acquisition of GeoPura
Crypto prices
More
