A major whale received 7,487 ETH from Cumberland, then used the collateral to borrow and purchase an additional 1,989 ETH
According to Foresight News, on-chain analyst Ember has reported that a certain whale received 7,487 ETH (approximately $28.15 million) from Cumberland four hours ago. The whale then staked the ETH as collateral on Aave to borrow 7.5 million USDT and proceeded to purchase an additional 1,989 ETH. Through leveraged operations, this whale has accumulated a total purchase of 32,953 ETH (about $117 million) over the past five days, with an average price of $3,552 per ETH.
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
Lighter TGE Hot Topic: Disagreements Arise Over TGE Timing and Long-term Positioning
Artemis co-founder: Solana will be the most widely used blockchain in 2025
UXLINK partners with NOFA to connect real-world social interactions with autonomous finance
Trending news
MoreCrypto prices
More
