Ethereum Whale Buy 18,557 ETH and Borrow USDT on Aave
One Ethereum whale buy 18,557 ETH for around $64 million within two days, the average price be $3,451 per token. On-chain analysis show say the investor transfer 47.28 million USDT from Crypto.com and Cumberland to complete the buy. After these ETH buys, the Ethereum whale use Aave borrow 16.75 million USDT against ETH collateral, make e holdings increase to about 38,000 ETH (worth about $135 million). This big ETH accumulation mean say market get strong confidence and the circulating supply dey reduce, likely to support bullish momentum for both short and long term.
Bullish
Di big buy and leveraged loan weh Ethereum whale do show strong belief and e reduce di available ETH supply, weh fit cause price to go up. For short term, dis on-chain gathering fit make traders get better mindset and buy more. For long term, steady interest from institution dem and less circulating supply fit support steady price rise, making dis one good development for Ethereum.