According to Onchain Lens, the dormant whale address 0x280 deposited 38,550 ETH into Aave V3, borrowed 90 million USDT, and used leveraged looping to purchase 54,092 ETH at an average price of $1,664. The address currently holds 92,646 ETH, with a total value of approximately $146.55 million.
Dormant Whale 0x280 Buys Over 54,000 ETH via Aave V3
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Summary
A dormant whale address, 0x280, has reactivated after three years, depositing 38,550 ETH into Aave V3 and borrowing 90 million USDT. The whale used leveraged borrowing to acquire 54,092 ETH at an average price of $1,664. The address now holds 92,646 ETH, valued at approximately $146.55 million. ETH news highlights this significant on-chain movement, signaling renewed activity in the Ethereum market.
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