58bro.eth-linked address accumulates 7,000 ETH long after $9 million USDT borrowing

  • 58bro.eth’s associated address withdrew ETH, deposited it into Aave and continued buying.
  • 3,000 ETH was withdrawn, followed by a $9 million USDT loan.
  • The address accumulated a 7,000-ETH long position at $2,677.59 average entry.

An address associated with 58bro.eth (@0x58bro) withdrew 3,000 ETH from Binance and deposited the tokens into Aave, a decentralized crypto lending protocol. It then borrowed $9 million in USDT and continued increasing its long position, bringing the cumulative position to 7,000 ETH at an average entry price of $2,677.59, according to monitoring by on-chain analyst Ai Yi.

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58bro.eth-linked address accumulates 7,000 ETH long after $9 million USDT borrowing - CoinPost Terminal