Kanye is back making moves on-chain.
Following the October 30 Binance hack news, the trader reportedly sold 1,390 $ETH to reduce liquidation risk.
But today, the wallet made another sizeable move, withdrawing 2,074 ETH, worth approximately $4.7 million, from Binance.
Is this fresh accumulation or simply a transfer of funds into self-custody? That's still unclear.
Here's where the position stands:
Total ETH collateralized: 21,109 ETH
Stablecoins borrowed: $27.71 million
Health factors: 1.44 and 1.62 across the two positions
With such a large amount of ETH backing borrowed stablecoins, liquidation risk remains something to watch closely.
Wallet address:
0xdeA611a2f605FE63962E0151e724E9ce4C8a1d5c
The latest withdrawal is worth watching, but it doesn't necessarily mean he's increasing his leveraged exposure.
Following the October 30 Binance hack news, the trader reportedly sold 1,390 $ETH to reduce liquidation risk.
But today, the wallet made another sizeable move, withdrawing 2,074 ETH, worth approximately $4.7 million, from Binance.
Is this fresh accumulation or simply a transfer of funds into self-custody? That's still unclear.
Here's where the position stands:
Total ETH collateralized: 21,109 ETH
Stablecoins borrowed: $27.71 million
Health factors: 1.44 and 1.62 across the two positions
With such a large amount of ETH backing borrowed stablecoins, liquidation risk remains something to watch closely.
Wallet address:
0xdeA611a2f605FE63962E0151e724E9ce4C8a1d5c
The latest withdrawal is worth watching, but it doesn't necessarily mean he's increasing his leveraged exposure.
