Whale Increases ETH Holdings to 56,380 Coins Worth $94M After 3-Year Dormancy via Looping

ETH-4.49%
According to Onchain Lens data, on June 5, a whale that remained inactive for three years increased its Ethereum holdings from 38,554 ETH (valued at $64.28 million) to 56,380 ETH (valued at $94.04 million). The whale deposited 20,000 ETH into Aave V3, borrowed 30 million USDT, and used the proceeds to purchase an additional 17,826 ETH through the looping strategy, potentially positioning for further purchases.
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