An Ethereum ICO whale has borrowed 10 million USDe from Aave to purchase 5,817 ETH at $1,719 per coin, according to on-chain analyst Yu Jin. The whale, known for its active swing trading, has collateralized approximately 147,000 ETH, valued at $253 million, to secure 276 million stablecoins on Aave and Spark. The current liquidation price for this position is set at $1,432 per ETH.
Ethereum ICO Whale Borrows $10M to Acquire 5,817 ETH
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