Data: A certain whale built a position of 2304.3 stETH through circular borrowing, approximately equivalent to 5.78 million USD

ChainCatcher news, according to on-chain analyst Ai Yi (@ai_9684xtpa), a certain whale has accumulated 2304.3 stETH worth 5.78 million dollars over the past 2 hours by buying stETH, depositing it into Compound, and borrowing USDC to continue purchasing. The average cost price is 2510 dollars.

Currently, they have collateralized 3503.23 stETH and 10 WBTC to borrow 7.03 million USDC, with a health factor of 1.22.