Citing PANews, Fasanara Capital purchased 6,569 ETH valued at approximately $19.72 million over the past two days and deposited it into the Morpho protocol as collateral. The firm then borrowed $13 million in USDC to further buy ETH.
Fasanara Capital Buys 6,569 ETH Worth $19.72M, Deposits into Morpho Protocol
KuCoinFlashShare
Summary
Fasanara Capital bought 6,569 ETH worth $19.72M in two days and deposited it into the Morpho protocol. The firm borrowed $13M in USDC to buy more ETH. The move shows continued interest in the protocol. Traders ask, should I buy before the next deposit cycle?
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