Whale Transfers Significant ETH to Binance for Loan Repayment

7/5/2024 7:15:56 AM

According to @EmberCN, a whale or institution has cumulatively transferred 33,099 ETH (worth $96.24M) to Binance for sale. They then withdrew $83.43M in stablecoins from Binance to repay loans on Compound and Aave. Currently, the entity has $48.37M in loans remaining on these lending platforms, with 31,269 ETH (worth $89.36M) still held as collateral. (Source)

Aave Compound ETH Binance stablecoins

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

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