Huge purchases from Ethereum whales! When will it rise?

There is noticeable activity on the Ethereum (ETH) front in the cryptocurrency markets. In recent hours, large cryptocurrency investors, known as whales, have made a strong entry into the market with purchases estimated at millions of dollars worth #Ethereum . According to available on-chain data, the DeFi platform Aave is at the center of these large purchases.

Recent data shared by cryptocurrency data analysis platform Lookonchain revealed intense whale interest in Ethereum. The transactions made by two major wallets caught everyone's attention:

🔸️The wallet with the address 0xDdb4 borrowed an amount of 3.44 million dollars in USDC from Aave. Using these funds, it purchased a total of 1,856 Ethereum.

🔸️Another whale wallet, 0xf84d, used the additional capital to buy a total of 2.34 million dollars worth $ETH in addition to the debt it obtained from Aave amounting to 1.64 million dollars $USDC. The result: 1,259 ETH entered the wallet.

These large-scale transactions reveal that confidence and expectations regarding Ethereum are increasing.

Activity on the Ethereum side is not limited to DeFi transactions. The transfer from Binance exchange to the new address 0x69D0 has created a stir in the market.