A cryptocurrency whale has nearly completed repaying a 66,000 ETH loan, securing a $26.9 million profit. The entity initially borrowed the Ethereum from Aave V3 by supplying $610.2 million in USDC, transferring the ETH to Binance when its price was $4,032. Over the past two days, the whale has repaid 64,043 ETH, valued at $231.37 million, at a reduced price of $3,613 per ETH. The whale still owes 2,022 ETH, equivalent to $7.05 million, as part of this profitable short position.
Crypto Whale Nets $26.9M Profit from Ethereum Short Position
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