Anonymous Whale Buys $4.6 Million Worth of Ethereum via Aave

Source
Heecheol Yang

Summary

  • An anonymous whale investor reportedly bought approximately $4.6 million worth of Ethereum (ETH) through Aave (AAVE).
  • The investor deposited all acquired ETH into AAVE and currently holds the deposit certificate token AETHWETH.
  • It was reported that on this day, ETH was trading at $2,507, down 9.17% from the previous day.
Source=LookonchainX
Source=LookonchainX

An anonymous whale investor purchased a large amount of Ethereum (ETH) through the decentralized finance (DeFi) protocol Aave (AAVE).

According to Lookonchain on the 13th (local time), the address '0x109' borrowed 5 million Tether (USDT) from Aave and bought approximately 1,844 ETH (about $4.6 million).

The whale then deposited all acquired ETH into AAVE. This address currently holds a total of 23,786 Aave Wrapped Ethereum (AETHWETH). This is a deposit certificate token received when depositing ETH in AAVE.

On that day, ETH was trading at $2,507 on the Binance Tether (USDT) market as of 13:30 on the 13th, down 9.17% from the previous day.

Heecheol Yang

Heecheol Yang

heecheol@bloomingbit.ioHello, I'm a reporter at bloomingbit
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