Whale Activity on the Blockchain: Large Crypto Assets for USDC to Pay Off Debt
Publication Time:2024-08-02 09:36:07
According to blockchain analyst Ashes, during a recent market downturn, a whale executed a large-scale transaction on the blockchain, selling 15,444 ETH and 193.4 WBTC in exchange for 59,980,000 USDC to pay off their loan and clear leverage on the Aave platform. Specifically, the whale's sale of 15,444 ETH fetched approximately 47,840,000 USDC at a price of $3,098 per ETH; while the sale of 193.4 WBTC amounted to roughly 12,130,000 USDC at a price of $62,742 per WBTC. This transaction ultimately cleared the whale's $59,310,000 USDC debt on Aave. After successfully removing leverage, the whale now holds 16,082 ETH (equivalent to $51,100,000) and 550 WBTC (equivalent to $35,860,000).
Market Volatility
USDC
cryptocurrency assets
Whale
decentralized finance
Lending