Data: An address today deposited 10,000 ETH into Compound, borrowed 3.2 million USDC, and transferred it to Binance

ChainCatcher news, according to Lookonchain monitoring, an address today deposited 10,000 ETH (worth approximately 18.6 million USD) on the Compound platform, then borrowed 3.2 million USDC and transferred it to Binance.

According to long-term tracking data from Lookonchain, this address's main operating pattern is to sell high and buy low on ETH, and it has been using this as a profit-making strategy for a long time. Therefore, it is inferred that the 3.2 million USDC transferred to Binance may be used to purchase ETH. (Source link)