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A whale withdrew 3,300 ETH from Binance and deposited it into Compound, then lent out 7 million USDT and transferred it back to Binance

A whale withdrew 3,300 ETH from Binance and deposited it into Compound, then lent out 7 million USDT and transferred it back to Binance

CointimeCointime2024/05/05 09:25
By:Cointime

According to on-chain analyst @ai_9684xtpa, a whale who made a profit of $400,000 by leveraging long on ETH in April 2024 has once again gone long on Ethereum. Just 5 minutes ago, the whale transferred 3,300 ETH (approximately $10.42 million) from Binance and then deposited 7 million USDT into Compound to recharge into Binance.

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