This whale is really daring! How many people have gone bankrupt playing with revolving loans, but he still goes forward, and buys nearly 10,000 ETH at a time. I have to admire his strength and courage!
Now all kinds of news media are shouting that the SEC may refuse to approve the Ethereum spot ETF again, but this whale is not afraid at all and continues to buy, buy, buy. Did he hear some rumors? ETF is going to skyrocket?
A whale used revolving loans to buy a total of 8,454 ETH in 18 hours
On May 18, according to the monitoring of the on-chain analyst Ember, the whale who mainly plays ETH revolving loans has purchased a total of 8,454.3 ETH (US$26.34 million) through revolving loans in 18 hours since 10 o'clock last night, with an average price of about US$3,079.
He currently has lent out 17.5 million USDT in stablecoins, and the loan health rate is 1.24 (without increasing collateral, his position will be liquidated when the ETH price reaches around 2,364).
In addition to Ethereum, more people are now ambushing the future value coin $ALT , which is the native utility token of #ALT再质押生态 and has broad future development space.
AltLayer's core mechanism is designed around its innovative Rollup-as-a-Service (RaaS) and restaked rollup technologies, which make it competitive in the blockchain industry, especially in terms of processing speed, security, decentralization and scalability.
Restaked Rollup is a core technology provided by AltLayer, which combines restaking and Rollup technology to enhance the security, decentralization and performance of blockchain.
Restaked Rollup is a special Rollup architecture, the core of which is to use the concept of restaking to enhance the security and decentralization of Rollup. This Rollup not only handles ordinary transactions and smart contract operations, but also ensures higher data integrity and network trust through specific security enhancements and verification mechanisms.
Restaked Rollup introduces Active Validation Services (AVS), which are pre-integrated and optimized to support efficient transaction processing and state verification.
These services include:
Decentralized Sorting: Provides transaction sorting services for Rollup, reduces the risk of relying on a single point, and improves the decentralization of the system.
State correctness verification: Ensure that all state changes in Rollup are correct and improve the overall security of the system.
Fast finality: Quickly confirm transaction status through an effective verification mechanism, reduce transaction confirmation time, and improve network response speed and user experience.
AltLayer (ALT) is a project dedicated to Ethereum expansion. Since its establishment at the end of 2021, it has helped more than 40 partners to customize and release exclusive application chains based on rollup technology, and assisted Xterio, SWELL, DODO and other projects to use advanced re-staking mode to release Restaked Rollup (also the earliest batch of AVS launched on the mainnet of EigenLayer).
ALT users can obtain basic rewards by staking ALT tokens in the main reward pool, and delegate ALT tokens to different Launchpool pools through re-staking to win future rewards from projects such as Xterio, SWELL, DODO, etc.