Data: An Ethereum OG address holding 736,000 ETH deposited 500 million USDT in advance before the stable announcement
According to ChainCatcher, monitored by Lookonchain, an Ethereum OG holding 736,000 ETH (worth $2.89 billion) deposited 500 million USDT into their treasury before the stable pre-deposit event announcement. This OG borrowed the USDT by collateralizing 300,000 ETH on Aave.
Previously, after the Layer 1 stablecoin project Stable announced its first phase pre-deposit event, the $825 million quota was sold out in seconds, sparking community doubts about potential “insider trading.” Verification shows that the official announcement was released at 9:10 (UTC+8), while on-chain data indicates the first deposit was made at 8:48 (UTC+8), before the official announcement. Rough estimates suggest that over 70% of deposits were made before the announcement.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Blackstone (BX.US) injects up to $1.5 billion, providing fresh ammunition for Pfizer (PFE.US) in the weight-loss drug race
Pfizer announced on Wednesday that it has reached an agreement with Blackstone to obtain up to $1.5 billions in funding to support the development of its experimental monthly obesity treatment drug.
Bernstein Downgrades Nvidia Rating and Target Price
Google (GOOGL.US) DeepMind launches AlphaGenome 2: Capable of decoding DNA cells with nearly double the mutation identification capacity
Google DeepMind has released its AI model AlphaGenome 2, which is trained on maps of over 100 millions of cells and has nearly double the ability of its predecessor in identifying gene expression variations.
Crypto prices
More
