Ethereum Whale Makes Significant Purchase Amid Market Activity

According to Odaily, on-chain analyst Yu Jin has reported that a notable Ethereum whale has made a significant move in the market. After selling off assets yesterday afternoon, the whale has repurchased 25,204.6 ETH over the past seven hours, spending a total of 82.34 million USDT at an average price of 3,322 USD per ETH. Notably, 34.5 million USDT of this amount was borrowed from Aave using ETH as collateral, indicating that the whale has leveraged their position for the first time. This suggests a strong confidence in the future performance of Ethereum.