A whale has borrowed $11.8 million in stablecoins to buy 4,459 ETH since August 11

BlockBeats reported that on August 13, according to Lookonchain monitoring, the whale that had 2,890 wstETH (US$8.06 million) liquidated during the market crash on August 5 began to buy and go long on ETH again.

Since August 11, the whale has borrowed 6.6 million DAI, 2.7 million USDT, and 2.5 million USDC to buy 4,459 ETH (US$11.8 million) at an average price of US$2,646.