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Whale Using Looped Loans to Long ETH Sells 5,000 ETH for $14.6M

A whale address (0xa339) using looped loans to long ETH sold 5,000 ETH for $14.6M USDC within one hour on Dec. 27, Ember monitoring cited by BlockBeats reports. The address has sold 35,605 ETH worth $103.7M over the past 11 days at an average price of $2,914, realizing a profit of $13.14M. The whale still holds 15,000 ETH valued at $43.88M.
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