BlockBeats news, on August 17, according to monitoring by Yu Jin, a giant whale/institution has accumulated WBTC and ETH worth $136 million through circular loans via OKX and Bybit over the past 6 days.
He first withdrew some WBTC and ETH from OKX and Bybit to deposit into Aave, then borrowed USDT to transfer to Bybit, and continued to retrieve WBTC and ETH from OKX and Bybit.
Currently, he has accumulated 918.6 WBTC ($108 million, average cost price $118,833) and 6,218 ETH ($28.33 million, average cost price $4,511) over the past 6 days. The borrowing on Aave amounts to $29 million.
