An address named after Ethereum co-founder Vitalik Buterin spent over 500 ETH to mint 150k RAI tokens, and later surprisingly swapped 132.5k RAI for 378.5k USDC tokens.
Blockchain security analytics firm Peckshield reported the address named vitalik.eth even swapped 17.5k RAI for 50k DAI tokens.
The vitalik.eth wallet, which was created seven years ago, holds more than 5,362 ETH at the time of writing. The Reflexer Finance-issued RAI token is backed by ETH.
Meanwhile, de-pegged USDC & DAI offered exposure to debtors to save $100 Million. The de-pegging pushed the borrowers to repay the loan at a discount, resulting in over $2 billion in loan amount repaid on Aave and Compound.
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