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Major ETH Whale Continues Accumulation Strategy with $120.3M ETH Deposit
Gate News bot message, a prominent ETH whale has intensified their accumulation strategy following their earlier purchase of 257,543 ETH ($896M) during market downturn. The trader, who previously borrowed 66K ETH for selling, has now deposited 34,156 ETH ($120.3M) into Aave protocol.
The latest transaction shows the whale borrowed 60M USDT against their ETH collateral and transferred the funds to centralized exchanges, indicating additional ETH purchases. This activity follows a broader trend where multiple whales acquired 394,682 ETH ($1.37B) over three days, as reported by Lookonchain.