Based on Odaily, Fasanara Capital has purchased 6,569 ETH (approximately $19.72 million) over the past two days, according to on-chain analytics platform Lookonchain. The firm deposited the ETH into Morpho to borrow $13 million in USDC for further ETH purchases.
Fasanara Capital Buys 6,569 ETH Worth $19.72M in Two Days
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Summary
Fasanara Capital bought 6,569 ETH (about $19.72 million) in two days, per Lookonchain. The firm deposited the crypto into Morpho to borrow $13 million in USDC for more ETH. What is Morpho? It’s a DeFi protocol for leveraged positions. The move shows aggressive crypto buying amid market volatility.
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