Kanye West-linked address goes long ETH via Aave looping, withdrawing a total of 12,549.9 ETH
Bollcoin reported on October 22 that on-chain analyst Ai Yi monitored that the Kanye West address 0xdeA…a1d5c has deposited 18,500.54 WETH as collateral on Aave, borrowing $25.01 million in stablecoins, with a health factor of 1.51. Since September 29, the address has withdrawn 12,549.9 ETH from Binance in this manner, worth approximately $32.04 million. The purchase price dropped from $2,736.47 all the way down to $2,460, bringing the average holding cost down to $2,553.31. In addition, the address transferred 5 million USDC to 0x4BA…82cE2 seven hours ago, an address with frequent fund flows to and from the Kanye West address.