Galaxy Digital has borrowed over $100M in $USDC, is the market preparing for strong fluctuations? 🤔
In the last 5 hours, Galaxy Digital has borrowed $143M in $USDT from #AAVE to transfer to a wallet for pricing.
Notably, a loan of $90M in $USDC was taken out at 3 PM today, just before the pump.
And the remaining $53M in $USDC was borrowed just within the last 40 minutes.
Currently, they have a health rate of 1.64 (a 40% drop would lead to the liquidation of all assets), which is quite low for a market maker team.
What is Galaxy Digital planning when this is their largest loan to date? 🤔
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