ChainCatcher reports, citing on-chain analyst Ember, that on June 7 a whale borrowed 30,000,000 USDS from Spark by pledging ETH in a circular lending arrangement. The whale then bought 18,212 ETH at an average price of $1,647. Today, the whale sold 15,993 ETH at $1,889, repaying 30,200,000 USDS of borrowings. As a result, the leveraged portion of the trade generated a profit of $4.3 million. The entire transaction was monitored by Ember and disclosed by ChainCatcher.
ChainCatcher reported, citing on-chain analyst Ember, that on June 7, a whale borrowed 30,000,000 USDS from Spark by pledging ETH in a circular lending arrangement. The whale then used the funds to buy 18,212 ETH at an average price of $1,647.
Today, the whale sold 15,993 ETH at $1,889, repaying the 30,200,000 USDS loan. The leveraged portion of the trade resulted in a profit of $4.3 million.
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