A whale who was long ETH through revolving loans once again withdrew 2,426 ETH from Binance and deposited it into Compound, and then lent 5 million U
According to on-chain analyst Yu Jin, on February 27th, a whale bought 11,719 ETH ($37.73 million) through a loop borrowing method since February 9th. The whale withdrew 4,369 ETH as initial collateral from Binance on February 9th and then accumulated $24.6 million to buy ETH through the loop borrowing method from Compound. The cost of the whale's ETH is $2,600, and it currently has a floating profit of $7.27 million (+24%). One hour ago, the whale continued to withdraw 2,426 ETH from Binance, deposited it into Compound, borrowed $5 million USDT, and transferred it to Binance to continue the loop borrowing method to go long on ETH.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Skipped Bitcoin Cash? Qubetics ($TICS) Could Be Your Redemption Ticket – Top Cryptos for Significant Returns
The crypto market has been on fire lately. With the spotlight shifting to new and innovative blockchain projects, everyone’s eyes are on which cryptos will make waves this year.Bitcoin Cash: A Missed Opportunity for Significant ReturnsQubetics: Revolutionizing Digital Finance with Real-World Asset TokenizationConclusion: Time to Act on Qubetics
BTC Short Position by ETH Whale Nears $332M
A crypto whale boosts their BTC short position to $332M, facing losses and potential short squeeze risk.Whale Boosts BTC Short Position Amid Market VolatilityRisk of Liquidation LoomsStrategic Buy Orders Placed

Pakistan Launches Crypto Council Led by Finance Minister
Pakistan forms Crypto Council to boost blockchain and crypto adoption, chaired by Finance Minister Muhammad Aurangzeb.Pakistan Takes a Bold Step Toward Crypto AdoptionFinance Minister to Lead the InitiativeFocus on Innovation and Financial Inclusion

Trump Crypto Project WLFI Buys AVAX, MNT for $4M
Trump-linked crypto project WLFI buys $4M worth of AVAX and MNT, total investment hits $340M with $115M in unrealized losses.WLFI Adds AVAX and MNT to Crypto Portfolio$340M Invested Across 11 TokensHeavy Losses Despite Market Activity

Trending news
MoreCrypto prices
More








