ETH ICO whale borrows $10M in USDe to buy more ETH

An address belonging to a whale who participated in the Ethereum ICO borrowed 10 million USDe from Aave about two hours ago to purchase an additional 5,817 ETH at an average price of $1,719, EmberCN reported via X. The address currently has approximately 147,000 ETH ($253 million) deposited as collateral on Aave and Spark, against which it has borrowed 276 million USDe. The liquidation price for the position is $1,432.