According to Odaily, a whale has moved 6400 Ethereum (ETH) into Aave as collateral. The transaction occurred four hours ago, and the whale borrowed 15 million USDC against the collateral. The whale then purchased an additional 4,344 ETH at a price of $3,453 per unit.
In addition to this, the same whale, who previously made a 22.7 times profit on ETH (equivalent to $59 million), started buying more ETH three hours ago. The whale used 10 million DAI to purchase 2847 ETH at a price of $3512 per unit.
These transactions indicate a significant movement of ETH by a single entity, often referred to as a 'whale' in the cryptocurrency market. Such large-scale transactions can have a substantial impact on the market, especially when they involve popular cryptocurrencies like ETH. The whale's decision to use ETH as collateral on Aave and then buy more ETH could be a strategic move to leverage the potential of the cryptocurrency.