Whale Activity Tracking: Depositing Cryptocurrencies into Marginfi and Engaging in Margin Trading
Publication Time:2024-08-27 10:17:09
According to data monitoring from Lookonchain, during recent market fluctuations, a long-dormant large cryptocurrency holder—commonly referred to as a 'whale'—showcased new market dynamics. After a month-long hibernation, this whale took action an hour ago by depositing 700,000 WIF (approximately $1.25 million) into a platform called Marginfi. Following this, the whale borrowed 197,000 USDC to purchase 110,000 WIF using these funds. Currently, the total WIF holdings of this whale have increased to 3.3 million (approximately $5.94 million), indicating its continuous focus and operational capabilities within the crypto market. This move has garnered significant attention regarding the whale's movements, potentially signaling potential future market shifts.
USDC
WIF
marginfi
Whale Activity
Cryptocurrencies