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Crypto Whale Deposited $129M to Aave to Borrow USDT and Purchase USDC: Lookonchain

Cointime Official

Based on Lookonchain, a crypto whale czsamsun.eth has deposited stETH and ETH worth $129 million to Aave and utilized the funds to borrow USDT to purchase USDC.

As of now, this address has lent out 28,577,700 USDT and acquired 29,961,238 USDC. In case the USDC peg stabilizes, the address stands to earn approximately $1.3 million in profits.

Moreover, in another transaction, the same address has lent 80 million USDC to DAI. If USDC remains de-anchored, but DAI eventually stabilizes, this operation will also turn out to be profitable.

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