A whale address spent 48 million dollars to buy 21,192 ETH on the chain in the past hour
According to on-chain analyst Yu Jin's monitoring, in the past hour, a whale has spent 48 million US dollars to buy 21,192 ETH on the chain, with an average price of 2,265 US dollars. The whale leveraged long ETH through a loop borrowing method: deposited 27,998 ETH (6,335 US dollars) into Aave as collateral and then borrowed a total of 60 million US dollar stablecoins from Aave through the loop borrowing method. Among them, they spent 48 million US dollar stablecoins to buy another 21,192 ETH and continue to deposit it into Aave.
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