PANews, May 25: According to Yujin, the on-chain address nemorino.eth made another large purchase of approximately 7,908 ETH one hour ago, deploying around $16.71 million USDT at an average buy price of about $2,113. Previously, three days ago, it sold off 8,424 ETH at approximately $2,124 each, incurring a loss of about $2.14 million. This re-entry strategy involved: first using $11.71 million in USDC to buy approximately 5,536 ETH, then depositing these ETH into the lending protocol Spark as collateral to borrow 5 million DAI, which was used to purchase an additional 2,373 ETH—thereby rebuilding the overall position near the previous sell-off price while adding leverage.
Whale nemorino.eth Re-Enters the ETH Market with Leverage After Selloff
PANewsShare
Summary
ETH prices rebounded slightly as whale nemorino.eth re-entered the ETH market with a leveraged buy. The whale purchased 7,908 ETH at $2,113, totaling $16.71 million USDT, after previously selling 8,424 ETH at $2,124 for a $2.14 million loss. Using 11.71 million USDC, nemorino bought 5,536 ETH and deposited it into Spark to borrow 5 million DAI, enabling an additional purchase of 2,373 ETH.
Source:Show original
Disclaimer: The information on this page may have been obtained from third parties and does not necessarily reflect the views or opinions of KuCoin. This content is provided for general informational purposes only, without any representation or warranty of any kind, nor shall it be construed as financial or investment advice. KuCoin shall not be liable for any errors or omissions, or for any outcomes resulting from the use of this information.
Investments in digital assets can be risky. Please carefully evaluate the risks of a product and your risk tolerance based on your own financial circumstances. For more information, please refer to our Terms of Use and Risk Disclosure.