According to Lookonchain monitoring, the whale address starting with 0xbd6 is using a loop loan to buy more ETH on Aave. Six hours ago, the address spent 8 million USDT to purchase 5060 ETH at an average price of $1583. The 5060 ETH was then deposited into Aave and borrowed 3 million USDC. 30 minutes ago, the 3 million USDC was deposited into MEXC.
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A Certain Whale Address Is Long ETH Through Revolving Loans
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