A certain whale exchanged USDC for 935 ETH through six flash loans in the early morning today and repaid the loan
According to on-chain analyst @ai_9684xtpa, ETH broke through $3200. The swing whale who liquidated with a loss of $4 million on February 15th used flash loans six times early this morning to exchange USDC for 935 ETH and repay the loan. Currently, they have collateralized 14.15 million DAI to borrow 3,590 ETH, with Compound health at 1.02. If ETH rises to $3290, they will face liquidation once again.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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