A giant whale/institution hoarded $136 million worth of WBTC and ETH in revolving loans in the past 6 days
2025-08-17 15:27:29
According to Ember, a whale/institution has hoarded $136 million worth of WBTC and ETH through OKX and Bybit in the last 6 days through revolving loans. He first deposited a part of WBTC and ETH from OKX and Bybit into Aave, then lent USDT to Bybit, and then continued to withdraw WBTC and ETH from OKX and Bybit. At present, he has hoarded 918.6 WBTC ($108 million, average cost of $118,833) and 6,218 ETH ($28.33 million, average cost of $4511) in 6 days. Borrowing on Aave was $29 million.
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