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A whale that once spent $500 million to buy BTC and ETH borrowed to purchase 20,000 ETH

2026-05-29 01:35

Odaily reported that, according to Ember monitoring, a whale borrowed 50 million USDT from Spark to purchase 20,000 ETH, valued at approximately $40.2 million. This whale had previously spent $500 million to buy BTC and ETH in early February and liquidated 4,000 cbBTC last month, and has now bought ETH again after a month.