With Ethereum Surpassing $2,000, 3 Major Whales Started Heavy Purchases!
As the price of Ethereum (ETH) once again surpasses $2,000, large whales are returning to the market through ETH withdrawals and borrowings via Aave.
According to data from Lookonchain and Spot On Chain, three major whales have recently withdrawn a total of 14,217 ETH (approximately $29 million) and deposited it into the Aave platform. The whales borrowed $12 million worth of USDT (Tether) from Aave and moved these stablecoins to exchanges like Binance and OKX. This movement indicates that whales plan to acquire more ETH with increasing confidence in the market.
The rise of ETH and whale movements
It is noteworthy that whales have taken action after Ethereum surpassed $2,000. These large transfers could further increase ETH's price. According to data provided by Lookonchain and Spot On Chain, the transactions made by whales on the Aave platform reflect growing appetite for buying among investors. Such large movements can be seen as a positive signal regarding the future of Ethereum.