Large Whale Sells 10,414 ETH to Reduce Leverage

6/25/2024 1:32:24 AM

According to @EmberCN, a whale or institution sold 10,414 ETH last night. The ETH was transferred to Binance from three addresses, and $36.32M in stablecoins was withdrawn from Binance. This sale was part of a strategy to reduce leverage, as the whale or institution had collateralized 68,300 ETH ($228M) on Aave and Compound to borrow $141M in stablecoins. (Source)

Aave Compound ETH Binance

More from 余烬 (@EmberCN): Analyst about On-chain Analysis

---