PANews, June 6: According to Onchain Lens monitoring, a dormant whale address "0x280" deposited 38,550 ETH into Aave V3, borrowed 90 million USDT, and used leveraged cycling to purchase 54,092 ETH at an average price of $1,664. The whale now holds a total of 92,646 ETH, with a total value of approximately $146.55 million.
Dormant whale buys 54,092 ETH via Aave V3 lending
PANewsShare
Summary
Whale activity has returned as the '0x280' address, dormant for three years, deposited 38,550 ETH on Aave V3 to borrow 90 million USDT. The funds were used to purchase 54,092 ETH at $1,664, increasing the address’s ETH holdings to 92,646, valued at $146.55 million. The move has reignited interest in ETH price movements, as large-scale on-chain actions often influence market sentiment.
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