PANews, May 27 - According to Yu Jin, an institution or whale purchased a total of 8,846.5 ETH through 4 addresses at an average price of $2,600 over the past day, costing $23 million. The funds were sourced from borrowing against ETH collateral on Aave before buying, indicating they are leveraging their position. Currently, this entity holds a total of 133,600 ETH, with a market value of approximately $358 million. Trend Research states, 'The above addresses belong to this institution.' Since acquiring ETH at $1,400 and issuing a bullish research report at $1,800, they remain optimistic about the prospects of ETH and its blue-chip ecosystem assets.
