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A long ETH whale transferred 3,400 ETH from Binance and deposited it into Compound to borrow 7 million USDT

A long ETH whale transferred 3,400 ETH from Binance and deposited it into Compound to borrow 7 million USDT

CointimeCointime2024/05/17 14:34
By:Cointime
COMPCOMP-0.62%ETHETH-0.99%

According to on-chain analyst @ai_9684xtpa, a whale who lost over $4 million in leveraged ETH longs in 2024.04 is once again going long. 10 minutes ago, the whale transferred 3400 ETH from Binance to Compound and borrowed 7 million USDT. They have now deposited this into Binance for future purchases.

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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.

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