Strategic Moves: Address Ramps Up ARB Holdings with $3.41M Leverage on Bybit and Aave

The post Strategic Moves: Address Ramps Up ARB Holdings with $3.41M Leverage on Bybit and Aave appeared on BitcoinEthereumNews.com.

On December 8th, COINOTAG reported a significant transaction involving the **ARB token**. An address on the blockchain utilized **leverage trading** to go long on ARB, demonstrating a strategic move in the current market environment. This address first withdrew **2.936 million ARB** (valued at approximately **3.41 million USD**) from **Bybit**. Shortly thereafter, it deposited this amount into **Aave** as collateral. Subsequently, the address borrowed **2.95 million USDT** from Aave, which was then transferred to **Binance**. Utilizing these funds, it acquired **2.478 million ARB** at a market price of **1.19 USD**, highlighting a calculated investment approach. As of now, the address holds a total of **5.415 million ARB**, valued at **6.4 million USD**. This transaction underscores the growing interest in ARB and reflects ongoing activity within the **decentralized finance (DeFi)** sector. Source: https://en.coinotag.com/breakingnews/strategic-moves-address-ramps-up-arb-holdings-with-3-41m-leverage-on-bybit-and-aave/

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Filed under: News - @ December 8, 2024 1:36 am