According to on-chain analyst Ember (@EmberCN), a whale holding approximately 132,000 ETH increased their position by 5,001 ETH three hours ago by borrowing 10.6 million USDT, at an average purchase price of around $2,120. The address borrowed funds from Spark and Aave to execute this addition, bringing their total ETH holdings to 137,400 ETH, worth approximately $290 million. The position carries leverage via loans from Aave and Spark, with a liquidation price of approximately $1,324.
Whale Adds 5,001 ETH, Total Holdings Reach 137,400 ETH
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Summary
Whale activity shows a major move as a large holder adds 5,001 ETH, bringing total holdings to 137,400 ETH. The whale used leveraged trading to acquire the position, borrowing 10.6 million USDT from Spark and Aave. The average purchase price was $2,120, with a liquidation price at $1,324. Price action remains under close watch due to the highly leveraged nature of the position.
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