Risk Warning: Beware of illegal fundraising in the name of 'virtual currency' and 'blockchain'. — Five departments including the Banking and Insurance Regulatory Commission
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A whale that "borrowed 66,000 ETH to short sell" has once again increased its holdings by over 20,000 ETH.
2025-11-11 00:35

According to Onchain Lens, a whale that previously borrowed 66,000 ETH and sold them, then bought 257,500 ETH (worth $896 million) when prices fell, appears to be rebuilding its position.

The whale deposited 34,100 ETH (worth $120.3 million) into Aave and borrowed $60 million in USDT to deposit into Binance. Subsequently, the whale purchased 23,500 ETH (worth $82.62 million) and deposited it into Aave V3. In addition, the whale borrowed $40 million in USDC and deposited it into Binance, and purchased 20,700 ETH (worth $73.81 million) and deposited it into Aave V3.