Whales are using looped borrowing to buy #gold.
Wallet 0x8522 has bought 8,337 $XAUt($38.4M) over the past 20 days, while borrowing 18.3M $USDe from Aave.
From X
Disclaimer: The above content reflects only the author's opinion and does not represent any stance of CoinNX, nor does it constitute any investment advice related to CoinNX.