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A certain whale withdrew 1401 ETH from CEX 10 hours ago, then deposited it into Compound and loaned out 2.3 million USDT before depositing back into CEX

A certain whale withdrew 1401 ETH from CEX 10 hours ago, then deposited it into Compound and loaned out 2.3 million USDT before depositing back into CEX

Bitget2024/10/05 03:38
COMP-1.71%ETH-0.28%

According to monitoring by @ai_9684xtpa, the whale who once leveraged long on ETH and lost $8.22 million has started to increase its position again. 10 hours ago, it withdrew 1401 ETH ($3.39 million) from CEX and deposited it into Compound before borrowing another 2.3 million USDT to deposit back into CEX. Currently, a total of 2794 ETH is pledged with a loan of 4.53 million USDT issued, maintaining a health factor of 1.23.

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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