The founder of Amaranth Foundation spent 5 million USDC to buy 1,697 ETH 7 hours ago
2024-05-02 09:58:05
According to on-chain analyst Ember, Amaranth Foundation founder James Fickel continued to spend 5 million USDC to buy 1,697 ETH at a price of $2,946 7 hours ago. James Fickel has been long the ETH/BTC exchange rate since the beginning of January this year:
The collateralized ETH accumulated 2,321 WBTC (134 million USD) borrowed from Aave and then sold for 42,325 ETH.
The ETH/BTC exchange rate cost is 0.0548. The current ETH/BTC exchange rate price is 0.0508, which means that his exchange rate is currently floating at a loss of about 9.80 million dollars (-7.3%).