Dormant Whale Accumulates 92,646 ETH Worth $146.55M Through Leveraged Strategy on Aave V3

ETH-9.25%
AAVE-12.58%
Gate News message, a whale address "0x280" that had been dormant for 3 years has executed a leveraged ETH accumulation strategy. The whale supplied 38,550 ETH to Aave V3, borrowed a total of $90 million USDT, and purchased 54,092 ETH at an average price of $1,664 through loop borrowing. The whale now holds 92,646 ETH valued at $146.55 million. Previously, as reported by Onchain Lens, the same whale had supplied 20,000 ETH ($33.28M) to Aave V3, borrowed $34M USDT, and bought 20,201 ETH at $1,683, bringing holdings to 58,755 ETH ($98M) at that time.
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