ETH Whale Has Been Going in Circles… and Adding Size.
Over the last 24 hours, this wallet has been repeatedly looping an ETH long, building up around 7,000 $ETH in total at an average price of $2,677.59.
It started with 3,000 ETH pulled from Binance, then deposited into Aave to borrow $9M USDT. From there, the wallet kept putting that liquidity back to work, adding more ETH exposure along the way.
All in, that’s about $17.74M worth of ETH longed.
address: 0xc24ad068e42b8293db1ac6d920aed665ab3fe8d2
Over the last 24 hours, this wallet has been repeatedly looping an ETH long, building up around 7,000 $ETH in total at an average price of $2,677.59.
It started with 3,000 ETH pulled from Binance, then deposited into Aave to borrow $9M USDT. From there, the wallet kept putting that liquidity back to work, adding more ETH exposure along the way.
All in, that’s about $17.74M worth of ETH longed.
address: 0xc24ad068e42b8293db1ac6d920aed665ab3fe8d2
