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TechFlow, May 27 — According to on-chain analyst Yu Jin, a whale or institution has spent $23 million over the past day across four addresses to accumulate 8,846.5 ETH at an average price of $2,600.
The whale or institution now holds a substantial 133,600 ETH, worth approximately $357.83 million. The funds used for the recent accumulation were borrowed from Aave by collateralizing ETH, indicating the use of leverage.
According to analyst Yu Jin's monitoring, a whale or institution spent $23 million across 4 addresses within the last day to accumulate 8,846.5 ETH at an average price of $2,600. This whale or institution now holds as much as 133,600 ETH, worth approximately $357.83 million. The funds used for the recent accumulation were borrowed from Aave by collateralizing ETH, indicating the use of leverage.
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