WLFI's strategic reserves have converted approximately $15.07 million worth of WBTC into WETH.

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According to Odaily Odaily, crypto analyst Ai Yi (@ai_9684xtpa) reports that the WLFI Strategic Reserve address has converted all of its WBTC holdings, worth approximately $15.07 million, previously withdrawn from Aave into WETH. The address's WBTC holdings are now fully liquidated.

Monitoring data shows that the aforementioned WBTC was purchased at an average price of approximately $104,710.55 between January and February 2024, and the sale is expected to result in a loss of approximately $1.978 million. At the same time, the address received a total of 4,611.65 WETH, corresponding to an average cost of approximately $3,260.88.

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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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