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Whale nemorino.eth closed position of 8000 ETH to repay debts and exit leverage, circulating loan to go long ETH for half a year with a profit of 7.58 million USD.
PANews, November 4th news, according to on-chain analyst Yujin, the whale address nemorino.eth sold 8,000 ETH at an average price of 3,609 USD after the fall of ETH in the early hours of today, cashing out 28.87 million USD, and then repaid an Aave loan of 24.83 million USD, eliminating all leverage risks. This round of operations started in May with a principal of 7.7 million USDC, during which a total of 10,914 ETH was purchased at an average price of 2,946 USD, ultimately achieving a profit of 7.58 million USD with a yield of 98% through a six-month cycle loan go long strategy.