Posted 12/4/2023, 12:45:33 PM
Whale Borrows Millions in DAI to Build Massive $76 Million Ethereum Stash, Profits $13 Million
- A "giant whale" has accumulated over $76.8 million in Ethereum since September, with a profit of around $13.3 million
- The whale appears to be borrowing DAI to purchase large amounts of ETH
- This whale has purchased over 41,000 ETH from Binance and DEXs at an average price of $1,838
- Another whale was spotted building a large ETH position on lending platforms before recent price rallies
- This second whale borrowed over $4 million in DAI to buy ETH after depositing ETH as collateral