finance
Trader Deposits 9,500 wstETH to Spark, Borrows 9,500 ETH, and Completes $22.68M USDE Swap on Binance
A cryptocurrency whale created a new wallet and deposited 9,500 wstETH into Spark. The whale then borrowed 9,500 ETH valued at $22.68 million, sent it to Binance for sale, and withdrew USDE to repay loans on Aave. Blockchain analytics firm Lookonchain reported the sequence of transactions.
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A cryptocurrency whale identified as 0xD91D created a new wallet with the address 0xEb2a and deposited 9,500 wstETH into Spark, according to blockchain analytics firm Lookonchain. The new wallet 0xEb2a then borrowed 9,500 ETH from Spark, Lookonchain reported. 68 million.
Lookonchain stated that the borrowed 9,500 ETH was sent to Binance. The ETH was then transferred to Binance and exchanged for USDE. Following the sale, USDE was withdrawn from Binance to repay loans on Aave, as detailed by Lookonchain.
Transparency
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CorroborationModerate · 1 source
