A whale pledged WBTC to lend out $48 million in ETH and transferred the latter to Coinbase
According to data agency Arkham, on December 22nd, a new address starting with 0x454 borrowed 48 million USD worth of ETH on Aave by pledging 80 million USD worth of WBTC, and transferred the ETH to Coinbase. The address received the funds three days ago and made the transaction when the ETH to BTC exchange rate hit a new low.
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
Retail Interest in Bitcoin Subdued Despite Price Surge – Should we be Concerned?
Bitcoin Set for Explosive 2025: How HODLers and FOMO Traders Are Driving the Market
Intesa Sanpaolo Enters Bitcoin Market with Strategic Investment
Intesa Sanpaolo, Italy's largest bank, has made its first proprietary Bitcoin transaction, acquiring 11 BTC for €1 million, marking a significant move into the digital asset space.
Ethereum.org Adopts Shape Up Cycles for Agile Development
Ethereum.org shifts to Shape Up cycles for agile development, focusing on 6-week build periods with key projects set for completion by February 2025.
Trending news
MoreCrypto prices
More
