A prominent cryptocurrency investor substantially increased their WETH exposure to 1969.05 tokens in a series of sophisticated transactions. This move represents a notable accumulation of Wrapped Ether, building upon the whale’s prior holdings of 2304.3 stETH.
The whale utilized 3 million USDC sourced from the decentralized exchange Lighter to acquire 1182 WETH. Subsequently, the investor employed the Compound protocol to deposit assets and borrow 2 million USDT, further consolidating their WETH position at an average entry price of $2539.
These calculated maneuvers showcase advanced portfolio management techniques in decentralized finance. By strategically leveraging stablecoins across multiple platforms, the whale optimized capital efficiency to expand their exposure to Ethereum-based assets on-chain.