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CryptoGlobe 2024-08-14 21:49:00

Mysterious Crypto Trader Leverages Stablecoins to Buy $12 Million Worth of ETH

A mysterious cryptocurrency trader has placed a substantial bet on Ethereum’s Ether, the second-largest cryptocurrency by market capitalization, borrowing nearly $12 million in stablecoins since August 11 to accumulate over 4,459 ETH. The aggressive buying spree, conducted through decentralized finance (DeFi) exchanges, was first spotted by on-chain analysis service Lookonchain, which noted on the microblogging

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