On November 24th, COINOTAG News reported that the ZKasino team has secured an additional 8 million DAI, aimed at acquiring 2301 ETH. This recent transaction underscores the team’s aggressive investment strategy, having already amassed a total of 19.589 million DAI from Aave. The cumulative acquisitions now total 5801 ETH, with an average purchase price calculated at $3377 per unit. This move reflects a growing trend among crypto institutions to leverage borrowing for expansion in the Ethereum market, as decentralized finance platforms continue to provide liquidity and facilitate such operations. Investors are closely monitoring developments around ZKasino, given that their significant holdings could impact ETH liquidity and price dynamics in an already volatile market environment.
Source: https://en.coinotag.com/breakingnews/zkasino-acquires-2301-eth-with-8-million-dai-loan-amidst-growing-investments/