A major whale accumulates 603.5 WBTC worth approximately $71.62 million through Aave loop lending

BlockBeats News, August 10—According to Ember monitoring, a certain whale borrowed 20 million USDC from Aave three days ago and transferred it to an exchange. The whale has since purchased and withdrawn 109.6 WBTC (worth $12.91 million).

This whale is using a leveraged loop strategy via Aave to buy WBTC, and has now accumulated a total of 603.5 WBTC (worth $71.62 million), with an average cost of approximately $90,382 per WBTC.