Huo Xing Finance reports that on June 5, according to Onchain Lens monitoring, a whale holding 38,554 ETH (approximately $64.28 million) became active again after three years of inactivity. The whale deposited 20,000 ETH (approximately $33.28 million) as collateral into Aave V3 to borrow 30 million USDT, then used the proceeds to buy 17,826 ETH at an average price of $1,683 through leveraged circular borrowing. The whale now holds a total of 56,380 ETH (approximately $94.04 million).
Inactive whale adds 17,826 ETH via leveraged loan on Aave V3
MarsBitShare
Summary
Whale trading activity surged on June 5, 2026, as a dormant whale reactivated after three years, depositing 20,000 ETH into Aave V3 to borrow $30 million USDT. The funds were used to purchase 17,826 ETH at $1,683 via a leveraged loan. The whale now holds 56,380 ETH, valued at $94.04 million. On-chain trading signals indicate a significant shift in ETH positioning.
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