finance

Anonymous wallet borrows $10 million in stablecoins to buy 5,818 ETH

An unidentified wallet borrowed another $10 million in USDe from Aave and purchased 5,818 ETH at $1,719 per token. The same address has now drawn a total of $153 million in stablecoins from the protocol.

1 source·Jun 15, 3:52 AM(1 day ago)·1m read

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An unidentified wallet address borrowed an additional $10 million in USDe from the Aave lending protocol and used the funds to purchase 5,818 ETH at an average price of $1,719. The same address has now borrowed a cumulative $153 million in stablecoins from Aave. Its current health factor stands at 1.21, with an estimated liquidation price near $1,420.

The transaction was reported by the on-chain analytics account @lookonchain.

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