An Ethereum whale transferred 500 million USDT from Stable across chains to repay debts on Aave.
according to Emmett Gallic's monitoring, this early Ethereum whale associated with the cryptocurrency exchange BTSE settled its debt on the decentralized lending platform Aave after transferring 500 million USDT out of Stable via cross-chain.
It is currently unclear why this entity initially invested funds into the Concrete liquidity pool.
The entity's current collateral assets on the Aave platform include 278,000 Ethereum (worth 886 million USD) as well as a 10-year long position of 447,000 Ethereum (worth 1.3 billion USD).
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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