A whale/institution borrowed 33 million USDC from Aave and bought 11,486 ETH

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According to @EmberCN, a whale/institution is betting on the continued rise of ETH: in the past 1 hour, he has borrowed 33 million USDC from Aave to buy 11,486 ETH at an average price of $2,873. Additionally, he previously bought 125,600 AAVE (worth $23.94 million) at an average price of $127 at the end of August, and these AAVE are currently floating at a profit of $7.2 million (+45%).

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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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