Ethereum Whale Buys 18,557 ETH and Borrows USDT on Aave

Published: 2025-07-19 08:46:50 |

An Ethereum whale acquired 18,557 ETH for about $64 million over two days, averaging $3,451 per token. On-chain analysis shows the investor transferred 47.28 million USDT from Crypto.com and Cumberland to complete the purchases. Following these ETH acquisitions, the Ethereum whale used Aave to borrow 16.75 million USDT against ETH collateral, boosting holdings to roughly 38,000 ETH (worth around $135 million). This large-scale ETH accumulation signals strong market confidence and reduced circulating supply, likely supporting bullish momentum in both the short and long term.

Bullish

The Ethereum whale’s significant purchase and leveraged borrowing indicate strong conviction and reduce available ETH supply, which tends to drive prices upward. In the short term, this on-chain accumulation can trigger positive trader sentiment and buying pressure. Over the long term, sustained institutional interest and reduced circulating supply may underpin steady price appreciation, making this a bullish development for Ethereum.