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The address associated with Galois Capital deposited 1.68 million UNI to Aave seven hours ago and borrowed 5.7 million USDC

The address associated with Galois Capital deposited 1.68 million UNI to Aave seven hours ago and borrowed 5.7 million USDC

CointimeCointime2024/08/12 04:29
By:Cointime

According to on-chain analyst @ai_9684xtpa, Galois Capital's affiliated address has built a position of 1.68 million UNI tokens (worth $10.68 million) over the past 11 months, with an average cost of approximately $6.35 per token. Currently, the position is at a loss of $720,000.

Seven hours ago, all of these tokens were transferred to address 0xd9A...bbFe7, where they were deposited into Aave and used to borrow 5.7 million USDC to repay Aave debt on address 0xefa...aaf7d.

The latter address currently has 43,966 WETH tokens pledged on Aave and has borrowed 54.17 million USDC, with a health factor of 1.71 and a net position value of up to $57.4 million.

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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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