Mysterious Crypto Trader Leverages Stablecoins to Buy $12 Million Worth of ETH

A mysterious cryptocurrency trader has placed a substantial bet on Ethereum’s Ether, the second-largest cryptocurrency by market capitalization, borrowing nearly $12 million in stablecoins since August 11 to accumulate over 4,459 ETH. The aggressive buying spree, conducted through decentralized finance (DeFi) exchanges, was first spotted by on-chain analysis service Lookonchain, which noted on the microblogging […]