According to Onchain Lens monitoring, an OTC trading whale with the address 0xfb7 transferred 23,500 Ethereum (approximately $47.47 million) to FalconX, suspected to be for selling and repaying loans.
Currently, the whale holds 4,000 cbBTC (approximately $269 million), 120,380 stETH (approximately $243 million), and 29,727 WETH (approximately $60.16 million). Meanwhile, the address borrowed $97.26 million in USDT from Aave.
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