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1/

#USDT depegged today!

What happened?

A thread.🧵 Image
2/

About 12 hours ago, whale"0x3356" created a new address to deposit 52.5M $USDC and borrowed 40M $USDT on #Aave and #Compound.

Then he started depositing 40M $USDT into #Coinbase and #Kraken 6 hours ago. ImageImage
3/

$USDT started depegging after whale"0x3356" deposited $USDT to exchanges.

And whale"0x3356" withdrew 25M $USDC from #Coinbase 4 hours after depositing $USDT.

etherscan.io/address/0x3356… ImageImage
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