TechFlow, July 22 — According to on-chain analyst Ejin, a whale received 7,487 ETH (approximately $28.15 million) from Cumberland four hours ago, then used the ETH as collateral to borrow 7.5 million USDT from Aave and purchased an additional 1,989 ETH.
By leveraging in this way, the whale has accumulated 32,953 ETH (approximately $117 million) over the past five days at an average price of $3,552: receiving 11,003 ETH (about $40.53 million) from Cumberland and spending $76.54 million on-chain to buy 21,950 ETH.
The whale currently holds a total of 56,000 ETH (approximately $211 million).




