According to on-chain analyst Ember (@EmberCN), a whale who held 149,800 ETH (approximately $377 million) via leveraged borrowing recently sold 6,000 ETH at $2,496 each, receiving 14.97 million USDe to repay a loan on Aave. The address currently still holds 143,800 ETH (approximately $362 million) and maintains a debt of $181 million on lending platforms, resulting in an overall leverage ratio of approximately 2x, indicating continued significant risk exposure.
Whale Sells 6,000 ETH to Repay Aave Loan Amid 149,800 ETH Position
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Summary
Whale activity saw a major move as a large holder sold 6,000 ETH at $2,496 to repay a loan on Aave, receiving 14.97 million USDe. The address still holds 143,800 ETH (approximately $362 million) with $181 million in debt, maintaining a 2x leverage ratio. The move reflects a calculated risk-to-reward strategy amid a 149,800 ETH position.
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