According to BlockBeats, on May 14th, a whale used 20 million USDC to purchase 313.24 WBTC at a price of $63,848. This whale, who had previously profited $20.8 million from investments in ETH and LINK, borrowed 20 million USDC by depositing 15,001 ETH (worth $44.13 million) into Aave as collateral. The whale then used this 20 million USDC to buy 313.24 WBTC at a price of $63,848.
The last transaction made by this whale was on May 3rd when they bought 209.5 million OP (worth $5.98 million) at a price of $2.85 using 2000 ETH. The whale's actions demonstrate a significant investment in WBTC, indicating a possible shift in their investment strategy. The use of USDC for such a large purchase also highlights the growing role of stablecoins in the cryptocurrency market.
