TechFlow, July 19 — According to on-chain analyst EJ, a whale/institution has purchased 18,557 ETH for 64.04 million USDT over the past two days at an average price of $3,451.
The address withdrew 47.28 million USDT from platforms such as Cryptocom and Cumberland onto the chain to buy ETH, then used ETH as collateral to borrow 16.75 million USDT from Aave to continue purchasing ETH—indicating the use of some leverage. The whale/institution currently holds approximately 38,000 ETH ($135 million).




