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A giant whale made a profit of 400 ETH by going long on ETH using leverage.

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PANews
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4 hours ago
AI summarizes in 5 seconds.

PANews April 18 news, according to on-chain analyst Yu Jin's monitoring, a large whale sold 12,400 ETH bought through leveraged long, making a profit of 400 ETH (950,000 USD).

This whale borrowed 28 million USDT from Aave in February to purchase 12,802 ETH at an average buying price of 2,187 USD. In the past few days, after the price of ETH rose, the whale sold a total of 12,402 ETH for 28.16 million USDT to repay the loan, with an average selling price of 2,271 USD. The whale borrowed to buy 12,802 ETH, sold 12,402 ETH to repay the loan, making a profit of 400 ETH.

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