A whale/institution sold 10,414 ETH last night, and used the proceeds from the sale to repay the loan and reduce the loan position.

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Odaily2024/06/25 01:51

By:Odaily

Odaily News According to on-chain analyst Ember, a whale/institution sold 10,414 ETH last night: he transferred 10,414 ETH to Binance through 3 addresses, and then withdrew $36.32 million in stablecoins from Binance. This whale/institution sold ETH this time to reduce leverage: his three addresses pledged 68,300 ETH (US$228 million) on Aave and Compound to borrow $141 million in stablecoins. The stablecoins obtained from the sale of ETH were used to repay and reduce borrowing positions.

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