Whale Sells 11,328 ETH for $18.2 Million USDC, Profits $271K Before Borrowing More ETH

According to COINOTAG News on April 21st, a notable transaction has emerged within the cryptocurrency market as a whale divested 11,328 ETH. In this maneuver, the seller traded the Ethereum for approximately 18.229 million USDC, realizing a profit of roughly $271,000. Post transaction, the whale did not remain passive; they engaged in further trading activities. Utilizing the USDC as collateral, they proceeded to borrow 4,000 ETH from the decentralized finance platform Aave. Subsequently, the borrowed Ethereum was liquidated at a rate of $1,618 per unit, resulting in an acquisition of 6.471 million USDT. This strategic sequence of trades highlights the intricate dynamics of crypto investments and the ongoing trend of leveraging assets to maximize returns in the ever-evolving blockchain ecosystem.