Blog

Home News Loan Shark Engages in ETH Long Squeeze, Unloading 20,599 ETH to Repay Loan

Loan Shark Engages in ETH Long Squeeze, Unloading 20,599 ETH to Repay Loan

Loan Shark Engages in ETH Long Squeeze, Unloading 20,599 ETH to Repay Loan

BlockBeats News, December 18th, according to LookIntoChain monitoring, Whale 0xa339, holding a long ETH position through a leveraged borrowing strategy, sold 20,599 ETH at a price of $2,869 per coin over the past 2 days (worth $59.1 million) to repay the loan.

They still hold 30,000 ETH on Aave ($85.2 million) and have an outstanding debt of $15.7 million.

Related articles