A certain whale address deposited 26,000 ETH and 24,000 stETH in Compound and Spark respectively, and borrowed stablecoins

ChainCatcher news, according to Lookonchain data monitoring, a certain whale borrowed 10 million DAI from Spark and exchanged it for USDC, then used 10 million USDC to purchase 4,872 ETH at an average price of $2,054, which is suspected to be a bullish move on ETH.

It is reported that the whale deposited 26,000 ETH ($52.6 million) and 24,815 stETH ($50.2 million) on Compound and Spark, and then borrowed 23 million USDC and 21.2 million DAI.