A wallet suspected of being linked to Trend Research borrowed 27,000 ETH to short the market, worth $57.11 million.

avatar
ODAILY
03-13
This article is machine translated
Show original

According to Odaily Odaily, as monitored by on-chain analyst Yu Jin, four hours ago, a wallet suspected to be related to Trend Research (0x25Ff...BEAC) staked 100 million USDC on Aave and borrowed 27,000 ETH, which was then transferred to Binance to short, worth $57.11 million.

This address withdrew 303 million USDC from Binance on February 11. A week earlier, this address transferred 150 million USDC to Binance, one of which used a Binance deposit address known to Trend Research.

Source
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.
Like
Add to Favorites
Comments