ChainCatcher message, on-chain analyst Yu Jin has detected that the ZKasino project has borrowed 9.36 million DAI again within just 5 hours, to purchase 2,603 ETH. This move has attracted market attention, as they have deposited 10,535 ETH from users into Aave as collateral and have cumulatively borrowed 53.77 million DAI to purchase 15,645 ETH for leverage trading.
The average price of the ETH purchased through leverage is $3,437. With the rise in ETH prices, ZKasino's leverage strategy has realized an unrealized profit of $3.22 million. This operation demonstrates the importance of on-chain data in market dynamics, while also reminding investors to pay attention to the risks and rewards of leveraged trading.