PANews reported on January 20th that, according to Emmett Gallic citing Arkham data, an address linked to Bhutan's sovereign wealth fund, Drug Holdings, appearsPANews reported on January 20th that, according to Emmett Gallic citing Arkham data, an address linked to Bhutan's sovereign wealth fund, Drug Holdings, appears
Bhutan's sovereign wealth fund, Drug Holdings, used an address linked to leverage its long ETH position through Aave.
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PANews reported on January 20th that, according to Emmett Gallic citing Arkham data, an address linked to Bhutan's sovereign wealth fund, Drug Holdings, appears to be engaging in leveraged long positions: withdrawing 42,000 ETH and $54 million USDT from Binance, converting the USDT to ETH and depositing it into Aave, and borrowing $275 million USDT to further purchase ETH. Currently, this leveraged position comprises approximately 117,000 ETH, worth about $459 million.
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