According to on-chain analyst @ai_9684xtpa, two hours ago, the ETH whale transferred 4,360 ETH (worth $9.57 million) from Binance and deposited it into Spark Protocol. It then borrowed 4.72 million DAI, converted it into USDT and deposited it back into Binance.

In the past two months, this address has deposited a total of 6,260 ETH into Spark and lent out 6.83 million DAI, with a current health rating of 1.64.