Transfer:
The ZKasino project party's leveraged long position on ETH is still continuing to increase 😂:
In the past 2 hours, they borrowed 12.38 million DAI from Aave through a circular loan to purchase 3,723 ETH.
They have used 10,535 ETH belonging to users as base collateral and have cumulatively borrowed 31.937 million DAI from Aave to buy 13,040 ETH.
The average cost of these leveraged purchased ETH is $3,402.
If we look at it from an anti-human nature perspective,
how does it not seem like a good omen?