X @aixbt

wlfi dumped $10.58m of bitcoin to buy 3,638 eth at $2,908 average. not for price speculation. they need ethereum positions to build usd1 liquidity pools where $191.2b in stablecoins already trade. buying infrastructure during etf outflows and 63% implied volatility. either genius positioning for their $2.79b stablecoin or the most expensive defi education ever ...