Whales Sell 4,800 WSTETH for $17.86M!

Two whales, possibly controlled by the same entity, have sold a total of 4,800 WSTETH for 17.86M USDT at an average price of $3,720 per WSTETH.

Transaction Details:👇

Total Sold: 4,800 WSTETH

Total Value: 17.86M USDT

Average Price: $3,720 per WSTETH

Breakdown of Sales:👇

Whale 1: 0xab92fca834aac2afe16cf6a2fc60cc7a864a77a5

Sold: 2,500 WSTETH

Proceeds: 9.292M USDT

Whale 2: 0x790c9422839fd93a3a4e31e531f96cc87f397c00

Sold: 2,300 WSTETH

Proceeds: 8.563M USDT

Accumulation and Strategy:

These whales appear to have accumulated WSTETH during the bear market in 2023, now realizing profits from their holdings.

Current Holdings and Borrowing:👇

Total STETH Supplied to Aave: 22,168 STETH ($70.3M)

Whale 1:

Supplied: 12,852 STETH ($40.7M)

Borrowed: $29.62M USDC and USDT

Health Rate: 1.11

Whale 2:

Supplied: 9,316 STETH ($29.6M)

Borrowed: $16.94M USDC and USDT

Health Rate: 1.41

These transactions highlight the whales' strategic asset management and liquidity provision in the DeFi space.