The giant whale wallet that has been dormant for three years suddenly deposited 20,000 ETH today.

A subtle but significant action.

On-chain data shows that a wallet address that had been inactive for three years suddenly deposited 20,000 ETH, worth approximately 35.46 million USD, into the decentralized lending protocol AAVE about 8 hours ago.

The last activity from this address dates back exactly three years. During that time, there was no activity whatsoever.

This time, it did not sell coins or distribute them, but chose to engage in collateralized lending.

So the question arises:

Is this money a signal of new activity?

Or is it the re-entry of an old player in the blockchain space?

Is it backed by structural leverage, or is it a conservative arbitrage strategy?

What are your thoughts? What does it mean when a wallet that has been inactive for three years finally takes action?

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