Wallet tied to Kanye West expands ETH long to 22,500 coins
- —4,000 ETH (~$9.39M) withdrawn from Binance and posted as Aave collateral
- —Borrowed another $6M in USDT, bringing total debt to $31.02M
- —Collateral stands at 22,504 ETH with a health rate of 1.41 and $2,503.86 average entry
- —Unrealized loss of $2.48M on 16,550 ETH withdrawn since Sept. 29
Why it matters: The large Aave position raises liquidation risk if ETH falls further below $2,300.
Source: PANews