The post Whale Borrows Stablecoins to Buy $19.3M in ETH, WBTC, and LINK appeared first on Coinpedia Fintech News
In a recent move of confidence, a whale has made a strong step in the crypto market by borrowing stablecoins from DeFi protocols like Aave and Compound to accumulate significant amounts of ETH, WBTC, and LINK. In the last 24 hours, it has purchased 200 Wrapped Bitcoin tokens worth nearly $13.13 million, 2,000 Ethereum tokens worth approximately $5.25 million, and 79,999 LINK tokens worth $8,900 and $8,980,000. A massive move to purchase the top three tokens, with massive borrowing, reveals the whale taking a leverage position and confidence of a bull run in these tokens.