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A whale withdrew 8,000 ETH from Binance and went long ETH through a revolving loan

A whale withdrew 8,000 ETH from Binance and went long ETH through a revolving loan

CointimeCointime2024/03/11 15:48
By:Cointime

Lookonchain monitoring shows that a whale withdrew 8,000 ETH (equivalent to approximately 32.3 million USD) from Binance today, then deposited it into Maker through another address and borrowed 21.7 million DAI. Afterwards, the whale exchanged the 21.7 million DAI for 21.7 million USDC and deposited it into Binance to purchase more ETH.

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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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