Happycoin.club - The activity of the crypto whale turned out to be more than a simple withdrawal of funds from the Binance crypto exchange. Judging by data from the analytical platform Lookonchain, the largest holder of ether took a cunning maneuver to increase its reserves of the second largest cryptocurrency by capitalization.

After acquiring an impressive 10,750 ETH on Binance in early May, the crypto whale converted all of these assets into stETH, a special token designed for Ethereum staking. It was these funds that opened up new opportunities for the large holder.

The wealthy user's next move involved the popular DeFi lending platform Aave. By placing his stETH there, the investor essentially secured his assets by borrowing an impressive $29 million worth of stablecoins. After that, using borrowed funds, the crypto whale began actively buying ether, betting on its future growth.

Of course, using a loan to buy cryptocurrency is a risky strategy that allows you to increase profits if the price of an asset rises, or, conversely, remain at a loss if the rate falls.

In recent days, a number of prominent crypto analysts, such as Crypto Tony, have expressed positive predictions for Ether. Like the large user, they see potential for the coin to grow quickly. But while ETH is trading at $2,910, over the past day the coin has fallen in price by another 3.86%.