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A dormant whale holding $94.04 million in ETH reemerged after 3 years, using a looping strategy to buy 17,826 ETH

2026-06-05 08:52

Odaily Planet Daily News According to Onchain Lens monitoring, a whale who had been dormant for 3 years became active again. The whale originally held 38,554 ETH, worth $64.28 million. They supplied 20,000 ETH, worth $33.28 million, to Aave V3, borrowed 30 million USDT, and used a looping strategy to purchase 17,826 ETH at a price of $1,683. The whale now holds 56,380 ETH, worth $94.04 million. Onchain Lens stated that the whale may continue to buy ETH.