A whale/institution is suspected to have purchased 1,474 WBTC from Galaxy Digital OTC in the early morning, worth $84.03 million

PANews reported on August 16 that according to monitoring by on-chain analyst @ai_9684xtpa, the whale/institution 0x50f...4bF21 allegedly purchased 1,474 WBTC worth $84.03 million from Galaxy Digital OTC seven hours ago.

The analyst mentioned that WBTC has been greatly affected by the "change in custody rights". This morning, MakerDAO has passed and implemented a proposal to reduce the size of WBTC collateral, which means that WBTC's largest acceptor no longer supports its application in the DeFi ecosystem.