A major whale purchased approximately $5.56 million worth of WETH and deposited it into Aave for recursive lending
According to Foresight News, as monitored by Lookonchain, with the price of ETH surpassing $4,000, a whale address starting with 0xaf6c purchased 1,390 WETH at $4,000 each (approximately $5.56 million). The address then deposited these 1,390 WETH into Aave, borrowed 52.83 WBTC from Aave (about $6.17 million), and exchanged them for 1,539 WETH (around $6.17 million).
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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