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A giant whale withdrew nearly 40,000 ETH from exchanges such as Binance and conducted recurring lending on Spark
2024-02-13 08:28
Odaily News According to Lookonchain monitoring, a giant whale has withdrawn 39,900 ETH (worth approximately US$99.5 million) from cryptocurrency exchanges Binance, Bybit, OKEx and Bitfinex at an average price of US$2,492 since February 1. Afterwards, the address used ETH as collateral to borrow 56.8 million DAI from Spark. This part of DAI was then deposited into each CEX and ETH was continuously withdrawn from CEX.