2025-12-29 12:23:15

Recently, there has been an interesting phenomenon — a well-known institution is aggressively accumulating ETH.

Just 7 hours ago, they withdrew a total of 27,598 ETH (worth $83.05 million) from a major exchange, with 6,748 ETH (valued at $19.77 million) transferred just 5 minutes ago. Even more interesting is that this asset was immediately deposited into Aave, seemingly for collateralized lending.

According to on-chain data, this wallet now holds a total of 607,598 ETH, with a market value of up to $1.77 billion. The average cost basis is approximately $3,111.07, with an unrealized loss of about $117 million — indicating they bought at higher prices.

Whether they are optimistic about a rebound or pursuing other strategies, this large-scale accumulation activity is indeed worth continuous attention from on-chain analysts. After all, the actions of whales often send significant signals to the market.

ETH-0.49%

AAVE-2.45%

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OnChainArchaeologist

· 5h ago

Damn, this move is probably a bottom-fishing attempt --- Floating loss of 117 million still adding positions? How optimistic are they --- A typical whale move, there’s definitely a story behind it --- Why store in Aave, borrowing or leverage? The details reveal the intention --- Average cost 3111, with the current price they really can’t be desperate haha --- 27598 tokens in one pull, isn’t that too loud? --- Feels like laying the groundwork for a major event... --- Still buying despite losing money, is this faith? --- This step with Aave is crucial, depends on how they proceed next --- This amount of ETH, you really can’t ignore it

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ForkItAll

· 5h ago

Whales are showing off their moves again, this time directly bottoming out Aave lending. They really have every step calculated.

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wrekt_but_learning

· 5h ago

Oh wow, this whale is really betting on a rebound. Carrying a $1.77 billion burden, it's tough for anyone. Losing $117 million but still accumulating—either they have strong faith or there's something else at play. This pace is a bit frantic. In just 5 minutes, they poured in $19.77 million. Aren't they afraid of crashing the market? Storing Aave for collateralized lending? Are they trying to borrow stablecoins or what... Following big players like this is really gambling, but you definitely need to keep an eye on it. Brothers' average cost is $3,111, now almost at cost price. How disastrous will the outcome be? Machine: Losing $117 million but still adding to the position—either they have a big brain or hiding something. Aave collateralized lending... Are they preparing for a big move? Whale strategies like this are definitely worth watching; signals outweigh actual data. Even with floating losses, they keep hoarding. You need to watch the rebound of the market more carefully. Spending $80 million in 7 hours—such a move... Truly a gambler's mindset.

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