PANews reported on January 8 that, according to Onchain Lens monitoring, after losing $3.77 million on a long position in BTC and withdrawing all of it, the whale address 0xfb7 deposited $31.7 million in USDC into Wintertermute and bought 10,000 ETH. It then converted the ETH into stETH and transferred it to another wallet holding 40,000 stETH (worth approximately $126 million).