The cryptocurrency whale took out a loan through the decentralized finance platform and longed Ethereum (ETH).
A cryptocurrency whale who believes Ethereum will rise, long He took action on March 11 to open a position.
Reported by on-chain analysis platform Lookonchain to data According to the whale in question, cryptocurrency exchange Binance through $32.3 million worth 8,000 Ethereum took these assets and transferred them to the decentralized finance (DeFi) protocol. Moved to Maker (MKR).
Then 21.7 million with these 8,000 Ethereum DAI took a loan. DAIs obtained with DeFi loans to USD Coin (USDC) flipping whale, All 21.7 million USDC sent it back to Binance.
The whale is worth approximately $22 million stablecoin It is thought that he bought Ethereum again with .
According to CoinGecko data, in the last 24 hours 0.8% Ethereum losing value at the time of writing from $4,000 is being traded.