A certain whale exchanged USDC for 935 ETH through six flash loans early this morning and repaid the loan.

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Cointime2024/02/27 02:30

By:Cointime

According to on-chain analyst @ai_9684xtpa, as reported by Jinse Finance, ETH has broken through $3200. The swing whale (formerly a 100% winning swing whale) who liquidated $4 million in losses on February 15th, used six lightning loans to exchange USDC for 935 ETH and repay the loan. Currently, they still have 14.15 million DAI mortgaged to borrow 3,590 ETH, with a Compound health score of 1.02. If ETH rises to $3290, they will face liquidation once again.

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