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The WLFI Strategic Reserve address is actually swapping its holdings from $BTC to $ETH?! 🤨
This address withdrew 162.69 WBTC (approximately $15.07 million) from Aave 10 minutes ago, then sold 27.1 WBTC on Cowswap for 770.6 WETH, worth $2.5 million. It seems they will continue swapping their holdings.
Wallet address debank.com/profile/0x5be9a4959...…
This article is sponsored by #GateExchange | @Gate_zh
Update: Another 13.55 WBTC has been exchanged for WETH.
In the past 15 minutes, a total of 40.65 WBTC has been sold and 1,155.52 WETH has been bought, for a total value of $3.75 million.
It looks like they're going to exchange all $15.07 million worth of WBTC.
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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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