A wallet is leveraging to long ARB on-chain, currently holding 5.415 million ARB

PANews December 8 news, on-chain analyst Yu Jin monitored that a wallet is leveraging to long ARB on-chain. Two hours ago, this wallet withdrew 2.936 million ARB (3.41 million USD) from Bybit and deposited it into Aave as initial collateral, then borrowed 2.95 million USDT from Aave and transferred it to Binance to purchase 2.478 million ARB at a price of 1.19 USD. Currently holding 5.415 million ARB (6.4 million USD).