Leverage Loop? Whale Quietly Stacks $5.78M in stETH Using Borrow-and-Buy Strategy

Whale 0x1f7...7a9b8 has been repeatedly going long on $ETH — and doing it in style.

Over the past 3 hours, they’ve built a position of 2,304.3 stETH (worth $5.78 million) at an average price of $2,510, using a classic loop strategy:

Buys stETH

Deposits it into Compound

Borrows USDC against it

Uses the USDC to buy more stETH

So far, they’ve collateralized 3,503.23 stETH + 10 WBTC, and borrowed $7.03 million in USDC — sitting on a health factor of 1.22.

That’s some serious conviction — or serious risk.

🔍 Wallet Address:

0x1f793d9f0368c1da329cb112212d81d521e7a9b8

If ETH pumps, they win big. If it dips hard… that health factor better hold.