Whale that previously profited $76 million from ETH trades buys 6,000 ETH after market crash
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Whale that previously profited $76 million from ETH trades buys 6,000 ETH after market crash
According to Lookonchain monitoring, after the market crash, a smart money whale that previously profited $76 million on ETH has repurchased 6,000 $ETH (worth approximately $13.9 million). The whale borrowed 3.3 million $USDT from Aave and deposited it into Binance, then withdrew 6,000 $ETH (worth $13.9 million) from Binance about two hours ago. By borrowing and lending, the whale is going long on $ETH—depositing 42,663 $ETH (worth $99 million) into Aave while borrowing 28.6 million $USDT.
Navigating Web3 tides with focused insightsTechFlow reports, according to Lookonchain monitoring, after the market crash, a smart money whale that previously profited $76 million on ETH has purchased another 6,000 $ETH (worth approximately $13.9 million). This whale borrowed 3.3 million $USDT from Aave and deposited it into Binance, then withdrew 6,000 $ETH (worth $13.9 million) from Binance about two hours ago.
The whale is leveraged long on $ETH by borrowing and lending: he deposited $42,663 worth of $ETH (worth $99 million) into Aave and borrowed $28.6 million in $USDT.
