Whale Mortgages 60,000 ETH, Borrows $58 Million, and Deposits into Binance

According to blockchain monitoring platform Lookonchain, a cryptocurrency "whale" has made significant moves on December 18. This trader withdrew 60,000 ETH, equivalent to $131.76 million, from the cryptocurrency exchange Bitfinex and transferred it to Maker, a decentralized lending platform. Following this, the whale borrowed 58 million DAI, a stablecoin pegged to the US dollar and backed by a basket of other cryptocurrencies. This amount was then exchanged for an equivalent value of USDC, another dollar-pegged stablecoin, and deposited into Binance