Whale Significantly Boosts WETH Holdings to 1969 Amidst Strategic USDC and USDT Moves
Main Idea
A crypto whale significantly increased their WETH holdings to 1969.05, leveraging USDC and USDT in strategic transactions.
Key Points
1. On July 8, a crypto whale expanded their WETH exposure after previously holding 2304.3 stETH.
2. The whale used 3 million USDC from Lighter to acquire 1182 WETH.
3. They leveraged Compound by depositing assets and borrowing 2 million USDT to consolidate their WETH position.
4. The average entry price for the consolidated WETH position was $2539.
5. These transactions highlight sophisticated portfolio management strategies.
Description
On July 8, a prominent crypto whale significantly expanded their exposure to WETH, following a previous long position of 2304.3 stETH. Recent activity reveals a strategic capital shift, with the
$USDC
$0.9982
+0.00%
Latest News
- FUZZY PANDA SHORT RCAT2025-08-15 14:32:02
- OPENDOOR ANNOUNCES CEO SEARCH2025-08-15 13:03:49
- $USELESS listed on Binance futures2025-08-15 10:49:47
- BERKSHIRE HATHAWAY ADDS UNH, NUE, LEN, DHI, LAMR IN 2Q: 13F2025-08-14 20:18:07
- Lido Co-founder: Plans to use stETH to repurchase LDO mechanism, final repurchase plan to be determined by the end of the year2025-08-14 15:12:41