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A whale withdrew 8,000 ETH from Binance and went long ETH through a revolving loan

Lookonchain monitoring shows that a whale withdrew 8,000 ETH (equivalent to approximately 32.3 million USD) from Binance today, then deposited it into Maker through another address and borrowed 21.7 million DAI. Afterwards, the whale exchanged the 21.7 million DAI for 21.7 million USDC and deposited it into Binance to purchase more ETH.

Ethereum Ethereum $3,333.95
-2.31%
ETH
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