ChainCatcher reported, citing monitoring by Ember, that an Ethereum 1CO whale who remains active in swing trading carried out a new on-chain move two hours ago. The address borrowed 10 million USDe from Aave and then purchased 5,817 ETH, with an average buying price of approximately $1,719.
Based on the disclosed position data, the whale has currently deposited about 147,000 ETH as collateral on Aave and Spark, valued at around $253 million. At the same time, the address has borrowed approximately $276 million in stablecoins. Aave and Spark are protocols used in on-chain lending settings, where collateral assets and borrowed assets are both part of the position structure.
Ember’s monitoring also shows that the current liquidation price of the whale’s position is about $1,432. The reported data covers the borrowing of USDe, the purchase amount and average price of ETH, the ETH collateral held on Aave and Spark, the stablecoin debt size, and the liquidation price tied to the position.