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News

Strategic ETH to stETH Move Powers 10M USDT Binance Loan via AAVE

August 23, 2023 - Around 2 mins mins to read

Key Points:

  • ‘smartestmoney.eth’ exchanged ETH for stETH, lent 10M USDT to Binance via AAVE.
  • Withdrawn 14,275 ETH ($24.45M) from Binance post August 17 purchase.
  • Averaged purchase price at $1,713, showcasing strategic crypto prowess.
The “smartestmoney.eth” address, operating under Ember’s watchful eye, has orchestrated a series of strategic ETH to stETH transactions that have set the crypto community abuzz.
Strategic ETH to stETH Move Powers 10M USDT Binance Loan via AAVE

A mere ten hours ago, this address executed a shrewd exchange, converting a portion of its acquired Ethereum (ETH) from its August 17 purchase into staked Ethereum (stETH). This seemingly calculated move was followed by the seamless deposit of the stETH assets into the AAVE lending platform. The result? A staggering 10 million USDT lent to none other than the renowned Binance exchange.

As yesterday’s headlines reveal, the “smartestmoney.eth” address has been on a dynamic trajectory since its August 17 ETH purchase. Withdrawing a grand total of 14,275 ETH (equivalent to a substantial $24.45 million) from the Binance exchange, the address has not only showcased its strategic acumen but also amassed a significant fortune in the process. All indications point to an average purchase price around $1,713, solidifying the financial prowess of the mastermind behind the address.

Strategic ETH to stETH Move Powers 10M USDT Binance Loan via AAVE

Ember’s keen supervision and the address’s calculated moves underscore the intricate nature of cryptocurrency dealings. The crypto world, notorious for its volatility, is an arena where meticulous planning and timely execution can yield substantial gains. As analysts and enthusiasts alike continue to dissect and analyze the implications of these transactions, the “smartestmoney.eth” address remains a prime example of harnessing the potential of digital assets.

DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

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Author

Annie

Championing positive change through finance, I've dedicated over eight years to sustainability and environmental journalism. My passion lies in uncovering companies that make a real difference in the world and guiding investors towards them. My expertise lies in navigating the world of sustainable investing, analyzing ESG (Environmental, Social, and Governance) criteria, and exploring the exciting field of impact investing. "Invest in a better future," I often say. That's the driving force behind my work at Coincu – to empower readers with knowledge and insights to make investment decisions that create a positive impact.
News

Strategic ETH to stETH Move Powers 10M USDT Binance Loan via AAVE

Key Points:

  • ‘smartestmoney.eth’ exchanged ETH for stETH, lent 10M USDT to Binance via AAVE.
  • Withdrawn 14,275 ETH ($24.45M) from Binance post August 17 purchase.
  • Averaged purchase price at $1,713, showcasing strategic crypto prowess.
The “smartestmoney.eth” address, operating under Ember’s watchful eye, has orchestrated a series of strategic ETH to stETH transactions that have set the crypto community abuzz.
Strategic ETH to stETH Move Powers 10M USDT Binance Loan via AAVE

A mere ten hours ago, this address executed a shrewd exchange, converting a portion of its acquired Ethereum (ETH) from its August 17 purchase into staked Ethereum (stETH). This seemingly calculated move was followed by the seamless deposit of the stETH assets into the AAVE lending platform. The result? A staggering 10 million USDT lent to none other than the renowned Binance exchange.

As yesterday’s headlines reveal, the “smartestmoney.eth” address has been on a dynamic trajectory since its August 17 ETH purchase. Withdrawing a grand total of 14,275 ETH (equivalent to a substantial $24.45 million) from the Binance exchange, the address has not only showcased its strategic acumen but also amassed a significant fortune in the process. All indications point to an average purchase price around $1,713, solidifying the financial prowess of the mastermind behind the address.

Strategic ETH to stETH Move Powers 10M USDT Binance Loan via AAVE

Ember’s keen supervision and the address’s calculated moves underscore the intricate nature of cryptocurrency dealings. The crypto world, notorious for its volatility, is an arena where meticulous planning and timely execution can yield substantial gains. As analysts and enthusiasts alike continue to dissect and analyze the implications of these transactions, the “smartestmoney.eth” address remains a prime example of harnessing the potential of digital assets.

DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.