A whale purchased 8,454.3 ETH in 18 hours through revolving loans
The whale who mainly plays with ETH's circular loan has accumulated a total of 8,454.3 ETH (26.34 million US dollars) through circular loans in the past 18 hours since last night at 10 o'clock, with an average price of about 3,079 US dollars, as monitored by on-chain analyst Yu Jin. Currently, the stablecoins he has lent out are worth 17.5 million USDT, and the loan-to-value ratio is 1.24 (his position will be liquidated when the ETH price reaches around 2,364 without increasing collateral).
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
Growthly: No-Code Customizable Telegram Quests in Minutes
X Empire (X): A Revolutionary Blockchain Game with Community at Its Core
What is X Empire (X)? X Empire (X) is a strategy tap-to-earn Telegram game that allows players to build and manage their own empire in a futuristic virtual world. The game’s theme is centered around Elon Musk. Although X Empire is not officially endorsed by Musk, its creators have designed the game
SEC scores partial win against blockchain firm Opporty over $600K ICO
Justin Sun introduces Tron-based NFT platform