According to Odaily, James Fickel, the founder of the Amaranth Foundation, borrowed 350 WBTC (approximately 24.6 million USD) from Aave eight hours ago. He then converted these into 6905 ETH. Following this, he pledged all the ETH to Lido. Over the past five months, he has borrowed a total of 2741 BTC (approximately 150 million USD), which he converted into 51.2 thousand ETH.
This move by Fickel is a significant one in the cryptocurrency world, as it involves large amounts of two major cryptocurrencies - WBTC and ETH. The fact that he pledged all the ETH to Lido also indicates a level of trust in this platform.
It is worth noting that this is not a one-time event. Over the past five months, Fickel has borrowed a total of 2741 BTC, which is approximately 150 million USD. This amount was then converted into 51.2 thousand ETH. This shows a consistent pattern of borrowing and converting between these two cryptocurrencies.