A whale pledged WBTC to lend out $48 million in ETH and transferred the latter to Coinbase
According to data agency Arkham, on December 22nd, a new address starting with 0x454 borrowed 48 million USD worth of ETH on Aave by pledging 80 million USD worth of WBTC, and transferred the ETH to Coinbase. The address received the funds three days ago and made the transaction when the ETH to BTC exchange rate hit a new low.
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
USDGO HodlerYield holding rewards promotion extended through October 31
Bitget PoolX is listing Concrete (CT) : Lock BTC to get 1,111,111 CT airdrop
CandyBomb x CT: Trade to share 560,000 CT
[Initial listing] Bitget to list Concrete (CT)
Crypto prices
More
