According to on-chain analyst Onchain Lens (@OnchainLens), a whale that had been inactive for three years and held 38,554 ETH has recently resumed activity. The address first deposited 20,000 ETH into Aave V3, then borrowed 30 million USDT, and subsequently purchased 17,826 ETH at an average price of $1,683. The address now holds a total of 56,380 ETH, equivalent to approximately $94.04 million.
Whale resumes activity after 3 years, deposits 20,000 ETH into Aave V3 and borrows 30M USDT
TechFlowShare
Summary
Whale activity has returned after a three-year hiatus, as a major address deposited 20,000 ETH into Aave V3 and borrowed $30 million USDT. The whale used these funds to purchase 17,826 ETH at an average price of $1,683. The address now holds 56,380 ETH, valued at $94.04 million, signaling a significant resurgence in trading activity within the DeFi space.
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