Whale nemorino.eth Buys 7,908 ETH for $16.71 Million Using Spark Borrowing

Whale nemorino.eth acquired 7,908.3 Ether for $16.71 million at an average price of $2,113, according to the provided transaction details. Earlier in the day, the wallet spent 11.71 million USDC to buy 5,535.6 Ether, deposited that Ether into Spark (decentralized lending protocol) as collateral, borrowed 5 million DAI (U.S. dollar-pegged stablecoin), and used the borrowed funds to purchase another 2,372.7 Ether. The sequence shows a leveraged accumulation strategy in which crypto assets are pledged to obtain additional liquidity for further purchases.

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