ChainCatcher report, according to Onchain Lens monitoring, a large whale reactivated after three years of inactivity, depositing 20,000 ETH (approximately $33.28 million) of its 38,554 ETH holdings (approximately $64.28 million) into Aave V3, borrowing 30 million USDT, and purchasing 17,826 ETH at $1,683 per ETH to execute a leveraged looping strategy. The whale now holds a total of 56,380 ETH, valued at approximately $94.04 million.
Whale reenters market after 3 years, adds 17,826 ETH via Aave V3
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Summary
Whale trading activity has drawn attention as a major player reentered the market after three years of inactivity. According to Onchain Lens, the whale deposited 20,000 ETH (~$33.28 million) into Aave V3, borrowed 30 million USDT, and used the funds to purchase 17,826 ETH at $1,683 per ETH. The whale now holds 56,380 ETH, valued at ~$94.04 million. Market trends indicate renewed interest in leveraged strategies as large on-chain movements gain momentum.
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