Bonk Guy Purchases 7.47 Million $4 via Borrowed $USDT

In a high-bet DeFi maneuver, a prominent trader has shifted a considerable amount of $ASTER tokens to Euler Finance. Specifically, the trader has transferred up to $3.6M in $ASTER to Euler Finance. As per the data from an on-chain analytics provider, the shift of $ASTER tokens led to the subsequent borrowing of nearly 1.52M $USDT. Following that, the trader has deployed almost 1.28M $USDT to buy 7.47M $4 tokens.

Prominent Trader Purchases 7.47M $4 Tokens after Shifting $3.6M $ASTER to Euler Finance

The transaction of the staggering $3.6M tokens to Euler Finance by the prominent trader has triggered speculations among the community members. In line with the on-chain data, the trader has borrowed 1.52M $USDT tokens via this transfer. Additionally, the trader deployed a huge 1.28M $USDT for the acquisition of the $4 token. In this respect, the trader bought 7.47M $4 tokens at $0.172 as the average price within a few hours.

$ASTER and $4 Tokens Experience Renewed Demand

According to on-chain data, the development has ignited a renewed interest in $4 and $ASTER tokens. Thus, the dashboard of Euler Finance contains $2,077,495 in terms of cumulative vault value, split between 355,405.2288 $USDT and 1,722,089,999999 $ASTER. Overall, amid the continuous evolution of the DeFi protocols, such transfers indicate the rising refinement of the robust on-chain strategies.