A giant whale deposited MKR to Aave and borrowed 1.84 million USDC, exchanged it for DAI and deposited it into MakerDAO
According to Spot On Chain monitoring, a whale address starting with 0x8af withdrew 4077 MKR (approximately $5.88 million) from Bitget at an average price of $1442 in the past 24 hours. The whale then deposited these MKR into Aave and borrowed 1.84 million USDC. After that, the whale exchanged the USDC for DAI and deposited it into MakerDAO, where the DAI savings rate (DSR) is currently 5%.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Chinese Company Cango Becomes Third Largest Bitcoin Miner
US imposes sanctions on individuals and firms linked to North Korea
Coingecko Expert Examines the 'Santa Claus Effect' on the Crypto Market
Avalanche9000 Upgrade Goes Live, Boosting Web3 Development
Avalanche, a fast-growing blockchain, has just launched its biggest upgrade ever, called Avalanche9000.
Trending news
MoreCrypto prices
More
