Odaily Planet Daily reports, according to Onchain Lens monitoring, a large whale has returned to the market after being dormant for three years. Originally holding 38,554 ETH worth $64.28 million, the whale supplied 20,000 ETH (worth $33.28 million) to Aave V3, borrowed 30 million USDT, and used leveraged cycling to purchase 17,826 ETH at $1,683 each. The whale now holds 56,380 ETH worth $94.04 million and may continue buying ETH.
Whale buys 17,826 ETH via Aave V3, total holdings reach 56,380 ETH worth $94.04M
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Summary
Whale activity has drawn attention as a major Ethereum whale, inactive for three years, returned to the market. The whale originally held 38,554 ETH ($64.28M), supplied 20,000 ETH ($33.28M) to Aave V3, borrowed 30 million USDT, and used leveraged borrowing to purchase 17,826 ETH at $1,683 per ETH. Total holdings now reach 56,380 ETH, valued at $94.04M. The whale’s move reflects a calculated risk-to-reward ratio, and further accumulation is likely.
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