Just spotted this whale resurfacing after going dark for about six months. Address 0x709…Cad6e popped back up on-chain and straight away went big on a leveraged ETH position.

Around 14 hours ago the wallet dropped in 10,570 $ETH as collateral, pulled 16 million USDS against it, and used the funds to grab 14,730.36 wstETH at an average of roughly $2,028 per token. That’s easily a $30M+ bet riding on ETH upside.

These kinds of moves always get me watching the flow closer. $ETH $wstETH $SOL

#OnChain #Ethereum #WhaleWatch #DeFi