🚨 7 SIBLINGS JUST BOUGHT $22M WORTH OF $ETH!
The on-chain entity borrowed $25M in stablecoins from Spark:
• $12.5M USDT
• $12.5M USDS
It then swapped approximately $22M into 10,792 ETH at an average price of $2,039, mostly through CowSwap.
That's a massive ETH accumulation funded by borrowed stablecoins.
Someone is making a big leveraged bet on Ethereum. 👀
#Ethereum #OnChain #wendy $ETH
The on-chain entity borrowed $25M in stablecoins from Spark:
• $12.5M USDT
• $12.5M USDS
It then swapped approximately $22M into 10,792 ETH at an average price of $2,039, mostly through CowSwap.
That's a massive ETH accumulation funded by borrowed stablecoins.
Someone is making a big leveraged bet on Ethereum. 👀
#Ethereum #OnChain #wendy $ETH
