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A whale hoarded $136 million worth of WBTC and ETH through revolving loans
2hours ago

According to on-chain analyst Yu Jin, a whale has accumulated $136 million worth of WBTC and ETH from OKX and Bybit through revolving loans over the past six days. The whale initially withdrew some WBTC and ETH from OKX and Bybit and deposited them into Aave, borrowed USDT and transferred it to Bybit before withdrawing more WBTC and ETH. Currently, the whale has accumulated a total of 918.6 WBTC (valued at $108 million, at an average cost of $118,833) and 6,218 ETH (valued at $28.33 million, at an average cost of $4,511), while also maintaining $29 million in loans on Aave.