James Fickel, the founder of Amaranth Foundation, has made a significant investment in Ethereum over the past hour.

He spent $24.7 million USDC to purchase 7,814 ETH at an average price of around $3,161.

These ETH have been deposited into the LIDO and AAVE platforms.

Currently, James Fickel has supplied 128,516 ETH (equivalent to $404 million) and 40.97 million USDC to Aave. Additionally, he has borrowed 2,266 WBTC (worth $146 million).

This indicates that he may have taken a long position on the ETH/BTC trading pair since December 2023.

You can track his activity using the address: 👇

0xd85351181b3F264ee0FDFa94518464d7c3DefaDa