A whale borrowed a total of 19 million USDT from Aave and Compound, and then bought 4,952 ETH
As monitored by 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, and then bought 4,952 ETH at an average price of $3,837. The whale holds a considerable amount of ETH, reaching 26,728 (worth $103 million), but a significant portion was bought with leverage: he borrowed $66.35 million in stablecoins from Aave and Compound.
In addition, on April 17, he sold 402,875 UNI at a price of $6.83 ($2.75 million). At that time, UNI plummeted from $11.6 to $5.9 due to the US SEC's notice to Uniswap's Wells. He sold at the market bottom, and now the 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
Bitcoin Bears Near Defeat as Key $64K Level Looms, Says Top Analyst
Bitcoin Set for Potential Surge by End of 2024, Says New Report
‘INX’ and ‘Backed’ Announce New Token Listings on Polygon
AI bills have ‘positive intent’ but potentially ‘burdensome’ outcome: Lawyer