ETH Whales Drive 24-Hour On-Chain Shifts: Longs Slashed to 1 ETH, $18.56M Lost; AAVE and 1INCH Accumulate Holdings

In the latest on-chain briefing, Huang Lizheng trimmed an ETH long by 25x, leaving a solitary 1 ETH stake valued at approximately $2,840. The move follows a weekly loss of about $1.39 million and a monthly drawdown near $6.8 million, pushing total losses to roughly $18.56 million and illustrating the risk profile of highly leveraged crypto bets.

AAVE whales added 24,000 AAVE today, lifting holdings to 276,000 AAVE at an average price of $165, a stake near $45.5 million. The 1INCH team increased exposure by about $4.785 million over two days, now owning 119 million 1INCH (~$21.74 million) at $0.184. Separately, a Bitmine-linked wallet received 21,537 ETH from FalconX, valued at about $59.2 million, signaling cross-asset repositioning.

Source: https://en.coinotag.com/breakingnews/eth-whales-drive-24-hour-on-chain-shifts-longs-slashed-to-1-eth-18-56m-lost-aave-and-1inch-accumulate-holdings