As #Ethereum surged past the $4,000 mark, whale wallet 0xaf6c executed a bold series of on-chain moves worth over $11.7 million.
The whale started by purchasing 1,390 WETH valued at $5.56 million right at the $4,000 level. Immediately after, this position was deposited into $AAVE V3, enabling him to borrow 52.83 $WBTC worth $6.17 million.
The move didn’t stop there — he quickly swapped the borrowed WBTC into an additional 1,539 WETH, effectively doubling down on Ethereum exposure.
This aggressive leverage play signals strong conviction in ETH’s short-term momentum. By recycling collateral through Aave, the whale positioned himself for amplified gains if prices continue climbing. On-chain trackers are now watching closely to see whether this high-stakes bet fuels further upside or risks liquidation in a volatile market.
