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The address associated with Galois Capital deposited 1.68 million UNI to Aave seven hours ago and borrowed 5.7 million USDC

The address associated with Galois Capital deposited 1.68 million UNI to Aave seven hours ago and borrowed 5.7 million USDC

CointimeCointime2024/08/12 04:29
By:Cointime

According to on-chain analyst @ai_9684xtpa, Galois Capital's associated address has accumulated 1.68 million UNI tokens (worth $10.68 million) at an average cost of about $6.35 over the past 11 months. Currently, the investment is at a loss of $720,000.

The tokens were transferred to 0xd9A...bbFe7 seven hours ago and deposited into Aave, where 5.7 million USDC was borrowed to repay the Aave debt of address 0xefa...aaf7d. The latter currently has 43,966 WETH pledged on Aave and has borrowed 54.17 million USDC, with a health factor of 1.71 and a net position value of up to $57.4 million.

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