Data: A certain whale redeemed all stablecoins and went all in to buy nearly 24,000 ETH during the downturn

ChainCatcher news, according to Ember monitoring, the whale address 0x1fc…ed5 just went all in on ETH: in the past hour, he purchased 21,597 ETH ($8.786 million) at an average price of $4,068.

This address withdrew 2,400 ETH ($1 million) from Binance last night, and today ETH continued to pull back. An hour ago, he decided to go all in and buy the dip on ETH: he redeemed all stablecoins worth about $8.786 million, including USDC, USDe, and USDf, that were invested in Pendle to buy 21,597 ETH. In other words, he actually bought a total of 23,997 ETH ($9.636 million) in the last 15 hours at an average price of $4,078.