ChainCatcher report, according to Onchain Lens monitoring, after being inactive for three years, a whale holding 38,554 ETH ($64.28 million) deposited 20,000 ETH ($33.28 million) into Aave V3, borrowed 30 million USDT, and purchased 17,826 ETH ($1,683 each), completing a circular loan. The whale now holds 56,380 ETH ($94.04 million) and may continue buying more ETH.
Whale adds 17,826 ETH via Aave V3, total holdings reach 56,380 ETH ($94.04M)
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Summary
Whale activity has drawn attention as a long-silent whale deposited 20,000 ETH into Aave V3, borrowed 30 million USDT, and used the funds to purchase 17,826 ETH at $1,683. Total holdings now amount to 56,380 ETH ($94.04M), up from 38,554 ETH ($64.28M). The move demonstrates a calculated risk-to-reward strategy, leveraging borrowed capital to increase ETH exposure.
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