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A whale pledged WBTC to lend out $48 million in ETH and transferred the latter to Coinbase
By: Cointime
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.
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