PANews reported on July 19 that according to on-chain analyst Yu Jin’s monitoring, a whale/institution has purchased 18,557 ETH on the chain with 64.04 million USDT in the past two days, with an average price of $3,451. The whale/institution withdrew 47.28 million USDT from Cryptocom, Cumberland and other places to buy ETH on the chain, and then mortgaged ETH to borrow 16.75 million USDT from Aave to continue buying ETH. Currently, the whale/institution should hold 38,000 ETH (US$135 million).
Disclaimer: The articles reposted on this site are sourced from public platforms and are provided for informational purposes only. They do not necessarily reflect the views of MEXC. All rights remain with the original authors. If you believe any content infringes on third-party rights, please contact service@mexc.com for removal. MEXC makes no guarantees regarding the accuracy, completeness, or timeliness of the content and is not responsible for any actions taken based on the information provided. The content does not constitute financial, legal, or other professional advice, nor should it be considered a recommendation or endorsement by MEXC.