PANews reported on August 17th that on-chain analyst Yu Jin has discovered that a whale/institution has accumulated $136 million worth of WBTC and ETH through revolving loans on OKX and Bybit over the past six days. The individual first withdrew some WBTC and ETH from OKX and Bybit and deposited them into Aave, then borrowed USDT and transferred it to Bybit, before withdrawing WBTC and ETH from OKX and Bybit. Currently, the individual has accumulated 918.6 WBTC (108 million at an average cost of $118,833) and 6,218 ETH (28.33 million at an average cost of $4,511) over the six-day period. Their Aave loans total $29 million.
A whale/institution has accumulated $136 million worth of WBTC and ETH through CEX in the past 6 days through revolving loans.
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Author: PA一线
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