Recently, a significant transaction involving Ethereum (ETH) and stablecoins unfolded in the cryptocurrency market.
It highlights the strategic moves of a prominent whale investor.
According to Lookonchain reports, the whale executed a series of transactions. This series began with withdrawing 30,000 ETH, valued at approximately $101.7 million, from the exchange Bitfinex. Shortly after, they deposited 20,000 into Spark, a platform known for its DeFi services.
The amount of these Ethereum is equal to $67.8 million.