Trend Research has strategically utilized 11,520 ETH, valued at approximately $34.93 million, as collateral on Aave to secure a 20 million USDT loan. The transaction, monitored by Onchain Lens, involved the address "66kETHBorrow," which subsequently deposited the borrowed USDT back into Binance. This move is reportedly aimed at purchasing additional ETH, indicating a potential strategy to capitalize on Ethereum's market movements.
Trend Research Leverages 11,520 ETH on Aave to Secure 20M USDT Loan
Disclaimer: The content provided on Phemex News is for informational purposes only. We do not guarantee the quality, accuracy, or completeness of the information sourced from third-party articles. The content on this page does not constitute financial or investment advice. We strongly encourage you to conduct you own research and consult with a qualified financial advisor before making any investment decisions.
