PANews reported on August 27 that according to monitoring by on-chain analyst Yu Jin, a whale that bought WBTC through lending leverage borrowed another 14.473 million U to purchase 132 WBTC in the past 20 minutes.

He has accumulated a total of 500.2 WBTC (US$55.4 million) today by withdrawing from Binance and borrowing U on the chain, with an average price of US$110,762.