Millions of dollars of transactions made by the cryptocurrency whale through Ethereum (ETH) and stablecoins attracted attention.
A whale with a large amount of Ethereum in his wallet, 18 December day took action. Reported by on-chain analysis platform Lookonchain to data According to the wallet in question, it is from the cryptocurrency exchange Bitfinex. $131.76 million worth 60 thousand ETH withdrawn and transferred all of this amount to the decentralized finance (DeFi) protocol. to Maker sent.
Continuing its transactions without slowing down, the whale made transactions in exchange for the Ethereums in its possession. 58 million DAI took a loan. Then these DAI assets to USD Coin (USDC) turn it over 58 million USDC cryptocurrency exchange to Binance transferred.
The significant decline in the cryptocurrency market following these transactions of the whale fueled speculations among the community. Bitcoin after transactions 3.7%if Ethereum 5.7% lost value.
The whale took action again approximately 14 hours after its last operation. First from Binance 4.48 million Tether (USDT) withdrew and immediately transferred these assets to the DeFi platform. Compound (COMP) in return for sending 4.48 million Aave Ethereum USDT (aEthUSDT) took.
Whale finally returned to the starting point by depositing 4.3 million USDT back to the cryptocurrency exchange Bitfinex.