According to PANews, an on-chain analyst named Yu Jin has reported that a whale recently borrowed 10 million DAI from Maker and used it to purchase 3,998.5 ETH. The whale now holds over 65,000 ETH, valued at approximately $161.25 million, with an average cost of around $1,743 per ETH. Previously, in 2022, the whale spent $104 million to acquire ETH and WBTC, but later converted all WBTC holdings into ETH.
Whale Acquires 3,998.5 ETH After Borrowing 10 Million DAI
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ETH
2,462.45
+0.82%
WBTC
68,706.97
+0.52%
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