A major whale accumulates 603.5 WBTC worth approximately $71.62 million through Aave loop lending
According to Jinse Finance, Ember monitoring reports that a certain whale borrowed 20 million USDC from Aave three days ago and transferred it to an exchange. The whale has since purchased and withdrawn 109.6 WBTC (worth $12.91 million). This whale is using a leveraged loop strategy via Aave to buy WBTC, and has now accumulated a total of 603.5 WBTC (worth $71.62 million), with an average cost of approximately $90,382 per WBTC.
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.
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