A certain whale exchanged USDC for 935 ETH through six flash loans in the early morning today and repaid the loan
According to on-chain analyst @ai_9684xtpa, ETH broke through $3200. The swing whale who liquidated with a loss of $4 million on February 15th used flash loans six times early this morning to exchange USDC for 935 ETH and repay the loan. Currently, they have collateralized 14.15 million DAI to borrow 3,590 ETH, with Compound health at 1.02. If ETH rises to $3290, they will face liquidation once again.
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
South African fast food chain WIMPY now supports Bitcoin payments at 450 locations
Before the exchange's listing, Winklevoss Capital transferred 350 BTC from the exchange's Custody address.
Bitcoin Core releases v30.0rc1 version, now open for testing
MoonPay launches MoonTags feature, allowing users to send and receive cryptocurrencies via personalized identifiers.
Trending news
MoreCrypto prices
More
