A certain whale deposited 2647.9 WBTC into Aave as collateral, borrowed 29496 ETH and then deposited it into CEX
According to on-chain analyst EmberCN, a certain whale/institution received 2,647.9 WBTC ($111 million) from FalconX in the last 10 days and then borrowed 29,496 ETH ($68 million) by depositing WBTC into Aave and transferred it to CEX. The whale's loan health on Aave is 1.28. If the ETH/BTC exchange rate rises to 0.07 (assuming BTC price remains unchanged and ETH rises to $2,933), his loan will be liquidated.
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
Plum Acquisition IV Q2 net income falls 64.57% to $577,124 year over year
Driveitaway delays Q2 10-Q filing, cites need for more time to compile and review disclosures
Planet Green net loss widens to USD 1.15 million in Q2 FY26; net revenues rise to USD 790,203
Crypto prices
More
