A whale has borrowed $11.8 million in stablecoins and bought 4,459 ETH since August 11
According to Lookonchain monitoring, during the market crash on August 5th, the whale that was liquidated for 2,890 wstETH ($8.06 million) has started buying and going long on ETH again. Since August 11th, they have borrowed 6.6 million DAI, 2.7 million USDT, and 2.5 million USDC, and purchased 4,459 ETH ($11.8 million) at a price of $2,646.
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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