A certain whale is leveraging ETH through loop lending on Spark
Bitget2024/02/13 09:17
According to Lookonchain monitoring, a certain whale has withdrawn 39,900 ETH (worth about $99.5 million) from CEX since February 1st at an average price of $2,492 per ETH. This address then used the ETH as collateral to borrow 56.8 million DAI from Spark, which was deposited into various CEXs and continuously withdrawn as ETH.
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.
Lock now!
You may also like
Crypto prices
More
Become a trader now?A welcome pack worth 6200 USDT for new users!
Sign up now