Whale Accumulates Massive 56,000 ETH Worth $211M Through Leveraged Purchases
Main Idea
A crypto whale has accumulated 56,000 ETH worth $211 million through leveraged purchases and strategic acquisitions over five days.
Key Points
1. On July 22, a whale acquired 7,487 ETH ($28.15 million) from Cumberland.
2. The whale borrowed 7.5 million USDT on Aave using ETH as collateral to purchase an additional 1,989 ETH.
3. Over five days, the whale accumulated 32,953 ETH ($117 million) via off-chain and on-chain purchases.
4. The whale's current portfolio holds approximately 56,000 ETH, valued at $211 million.
Description
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$ETH
$3698.05
-2.36%
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