According to Onchain Lens, a whale reactivated after three years of inactivity, depositing 20,000 ETH (approximately $33.3 million) of its 38,600 ETH holdings (approximately $64.3 million) into Aave V3, borrowing 30 million USDT, and purchasing 17,800 ETH at $1,683 per ETH to execute a leveraged looping strategy. The whale now holds a total of 56,400 ETH, valued at approximately $94 million.
Whale reenters market after three-year silence, holds 56,400 ETH
AiCoinShare
Summary
Whale activity has returned to the ETH market as a major player reentered after three years of inactivity. According to AiCoin, the whale deposited 20,000 ETH ($33.3 million) into Aave V3, borrowed 30 million USDT, and used the funds to purchase 17,800 ETH at $1,683 each. The whale now holds 56,400 ETH, valued at approximately $94 million.
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