Odaily Planet News: According to monitoring by Lookonchain, two Ethereum OG addresses (0xC3fe...31e4 and 0x34d1...4Ac1), which had been inactive for 5 years, have purchased ETH using a loan cycling strategy. The two addresses deposited 44,490 ETH (worth $98.3 million) into Aave, then borrowed 104 million USDT, and used it to buy 45,319 ETH at an average price of $2,295 per ETH.
Two Original Ethereum Addresses Dormant for 5 Years Reawaken, Borrow to Purchase 45,319 ETH Worth Over $100 Million
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Summary
Two Ethereum OG addresses (0xC3fe...31e4 and 0x34d1...4Ac1), inactive for five years, deposited 44,490 ETH ($98.3M) into Aave and borrowed 104 million USDT to buy 45,319 ETH at an average price of $2,295. The move coincides with rising ETH price momentum. ETH analysis suggests increased on-chain activity may signal renewed bullish sentiment.
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