According to recent data from LookIntoChain, a prominent whale identified as 0x9992 executed a significant transaction by borrowing 10 million USDT from the decentralized lending platform Aave approximately four hours ago. Subsequently, the whale strategically acquired 3,983 ETH at an average purchase price of $2,510.64 per token. This move highlights continued confidence in Ethereum’s market potential amid evolving crypto lending dynamics. Monitoring such large-scale borrowing and asset accumulation provides valuable insights into institutional behavior and liquidity flows within the decentralized finance ecosystem.
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Source: https://en.coinotag.com/breakingnews/whale-0x9992-borrows-10m-usdt-from-aave-to-acquire-3983-eth-at-2510-64/