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Suspected Kanye West address continues to loop long ETH, adding another 9,000 coins, with a position health of 1.51.

BlockBeats news, October 22 - According to on-chain data analyst @ai_9684xtpa, a whale address (0xdeA…a1d5c) that has been long on ETH through a recursive lending strategy since late September has added another 9,000 ETH, successfully lowering its average long cost to $2,553.31.


Currently, the address has deposited 18,500.54 WETH (approximately $45.53 million) into the Aave protocol as collateral and borrowed $25.01 million in stablecoins, with a current position health factor of 1.51. Since September 29, the address has withdrawn a cumulative 12,549.9 ETH (approximately $32.04 million) from Binance through this method, with its average entry and add-on price range declining from $2,736.47 all the way down to $2,460.


Subsequently, @ai_9684xtpa added that the address is suspected to belong to renowned American artist Kanye West.

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