TechFlow news: On May 18, blockchain analyst EmberCN (@EmberCN) reported that a whale holding approximately 132,000 ETH increased its ETH position by 5,001 ETH three hours ago, borrowing $10.6 million in USDT to do so at an average purchase price of roughly $2,120 per ETH. According to the report, the address executed this accumulation after borrowing from Spark and Aave; its total ETH holdings have now risen to 137,400 ETH—valued at approximately $290 million. The position carries leveraged debt established via Aave and Spark, with an estimated liquidation price of $1,324.
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