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After a three-year hiatus, a whale has once again leveraged its purchase to buy over 20,000 ETH.
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On June 5th, according to Onchain Lens, an address that had been inactive for three years has become active again. Originally holding 38,554 ETH (approximately $64.28 million), it first deposited 20,000 ETH (approximately $33.28 million) into Aave V3, then borrowed 34 million USDT, using this cyclical lending to purchase 20,201 ETH at an initial price of approximately $1,683 per ETH. This address currently holds a total of 58,755 ETH (approximately $98 million), and its on-chain behavior suggests it may continue to increase its ETH holdings.