A major whale deposited 10,570 ETH into Spark and repeatedly borrowed 30 million USDS to increase its wstETH position.
According to on-chain analyst Onchain Lens (@OnchainLens), a whale has deposited 10,570 ETH—worth approximately $17.32 million—into Spark, then borrowed 30 million USDS via a looping lending strategy and used the proceeds to purchase 14,730 wstETH, equivalent to roughly 18,250 ETH.
