A certain whale or institution spends 23 million USDT to acquire an additional 8,846.5 ETH

金色财经2025/05/27 14:33

Show original

Bitget offers one-stop trading for cryptocurrencies, stocks, and gold. Trade now!

A welcome pack worth 6200 USDT for new users! Sign up now!

According to a report by Jinse Finance, analyst Yu Jin has monitored that a certain whale or institution spent $23 million using 4 addresses to increase their holdings by 8,846.5 ETH at an average price of $2,600 within the last day. This whale or institution currently holds as much as 133,600 ETH, approximately $357.83 million. The recent increase in ETH holdings was funded by borrowing through ETH collateral on Aave, indicating that they are using leverage to increase their holdings.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

Understand the market, then trade.

Bitget offers one-stop trading for cryptocurrencies, stocks, and gold.

Trade now！