🚀 USDT Supply on Spark Platform Sees Significant Growth
#USDT #SparkPlatform #Sentora #IntoTheBlock #Cryptocurrency #SupplyIncrease
According to PANews, official data from Sentora, formerly known as IntoTheBlock, indicates a substantial increase in the supply of USDT on the Spark platform over recent months. The supply has surged from $25 million at the end of July to nearly $550 million currently.#USDT #SparkPlatform #Sentora #IntoTheBlock #Cryptocurrency #SupplyIncrease
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🚀 Largest Depositor on Spark Platform Holds Significant ETH Position
#SparkPlatform #ETH #LendingPlatform #7Siblings #Stablecoins #MarketDownturn #UnrealizedLoss #TrendResearch #LeverageStrategy
Seven entities, referred to as '7 Siblings,' collectively possess 596,800 ETH valued at $1.765 billion on the Spark lending platform, establishing themselves as the largest depositors on the protocol. According to NS3.AI, these entities have borrowed 193 million stablecoins against their ETH holdings. During the market downturn last October to November, they acquired 49,287 ETH at an average price of $3,531, resulting in an unrealized loss of $27.7 million. Additionally, Trend Research maintains a position of 651,300 ETH valued at $1.92 billion, utilizing similar leverage strategies.#SparkPlatform #ETH #LendingPlatform #7Siblings #Stablecoins #MarketDownturn #UnrealizedLoss #TrendResearch #LeverageStrategy
🚀 Ethereum Whale Sells ETH Amid Price Drop to $2,050
#Ethereum #Whale #ETH #PriceDrop #SparkPlatform #NS3AI #LoanRepayment #Crypto #Cryptocurrency #Liquidation #DAI
A significant Ethereum whale on the Spark platform has initiated the sale of ETH as the price declined to $2,050. According to NS3.AI, the whale has offloaded a total of 27,800 ETH to repay $44.14 million in loans. Despite these sales, the whale still retains 9,810 ETH, valued at $18.66 million, and holds a debt of 12.83 million DAI. The liquidation price for the remaining position has decreased to $1,560, indicating a heightened risk of further losses.#Ethereum #Whale #ETH #PriceDrop #SparkPlatform #NS3AI #LoanRepayment #Crypto #Cryptocurrency #Liquidation #DAI
🚀 USDD Withdraws $109 Million USDT from Spark Platform
#USDD #SunYuchen #USDT #SparkPlatform #PSM #Liquidity #Crypto
USDD, under the leadership of Sun Yuchen, has recently withdrawn 109 million USDT from the lending platform Spark. According to ChainCatcher, this amount was subsequently added to USDD's PSM pool. Currently, the available liquidity for exchanging USDD to USDT stands at $42 million.#USDD #SunYuchen #USDT #SparkPlatform #PSM #Liquidity #Crypto