A Major Whale Receives 7,487 ETH from Cumberland and Uses Leverage to Purchase 1,989 ETH
Odaily Planet Daily News: According to monitoring by crypto analyst Ember (@EmberCN), a whale address received 7,487 ETH (worth $28.15 million) from Cumberland four hours ago. The whale then used the ETH as collateral to borrow 7.5 million USDT on Aave and leveraged the funds to purchase an additional 1,989 ETH.
In the past five days, this whale has accumulated a total purchase of 32,953 ETH (worth approximately $117 million), with an average purchase price of $3,552 per ETH. This includes 11,003 ETH (worth $40.53 million) from Cumberland and 21,950 ETH acquired on-chain for $76.54 million. The address currently holds about 56,000 ETH in total, valued at approximately $211 million.
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