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
Vitalik shares post on "10 Years of Zero Maintenance for Ethereum"
Michael Saylor Releases Bitcoin Tracker Information
Public Blockchain Activity Rankings for the Past 7 Days: Solana Remains on Top, Ethereum Leads in Growth
Trending news
MoreCrypto prices
More
