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A Whale received 7487 ETH from Cumberland, and then used it as collateral to borrow and continue purchasing 1989 ETH.
PANews July 22 news, according to on-chain analyst Yu Jin's monitoring, a Whale received 7487 ETH (worth 28.15 million USD) from Cumberland 4 hours ago, then mortgaged ETH to borrow 7.5 million USDT from Aave and continued to purchase 1989 ETH. The Whale has accumulated 32,953 ETH (worth $117 million) through leveraged operations over the past 5 days, with an average price of $3,552: of which 11,003 ETH (worth $40.53 million) were received from Cumberland, and another $76.54 million was spent on-chain to purchase 21,950 ETH. Currently, the Whale holds a total of 56,000 ETH (worth 211 million USD).