Whale Makes Aggressive Comeback After Liquidation
A cryptocurrency whale, previously liquidated for a staggering 2,890 wstETH ($8.06 million) during the market crash on August 5th, has made a dramatic resurgence.
Since August 11th, the whale has borrowed a substantial amount of stablecoins—$6.6 million in DAI, $2.7 million in USDT, and $2.5 million in USDC—to purchase 4,459 ETH at an average price of $2,646.
This aggressive buying behavior indicates a strong belief in Ethereum's future price and a desire to recoup losses incurred during the market crash. However, it's essential to note that leveraging borrowed funds to increase exposure to a volatile asset like ETH carries significant risks.
Address: 0x940df59ba33f3387deff3c2400fecf1286fcce4c
