An address accumulated 10,000 ETH and went long through a flash loan
BlockBeats News, January 19th, according to lookonchain monitoring, a newly created wallet address (0x81d0) withdrew 10,057 ETH from an exchange (approximately $33.68 million) and staked it in Lido, receiving stETH.
Subsequently, this address deposited the stETH into Aave, borrowed 45 million USDT to purchase 13,461 stETH, and then deposited these stETH back into Aave. Currently, its loan-to-value ratio stands at 1.36.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Report: Apollo (APO.US) is considering increasing SoftBank loan to 9 billion USD to support OpenAI investment
According to sources, Apollo Global Management (APO.US) is in discussions with SoftBank Group (SFTBY.US), planning to increase the loan size from $5.4 billion to $9 billion.
Bitcoin Volatility Continues After Fed Interest Rate Hike! Here Are the Key Support Levels According to Analysts
10-Yr Benchmark Govt Yields - Germany vs Other Nations
2-Yr Benchmark Govt Yields - Germany vs Other Nations
Crypto prices
More
