Makes a big purchase in an active market
According to Odaily, on-chain analyst Yu Jin reports that a notable Ethereum whale has made a major move in the market. After selling assets yesterday afternoon, the whale bought back 25,204.6 ETH over the past seven hours, spending a total of 82.34 million USDT at an average price of $3,322 per ETH. Notably, 34.5 million USDT of this amount was borrowed from Aave using ETH as collateral, indicating that the whale has leveraged his position for the first time. This indicates strong confidence in Ethereum’s future performance.