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Whale dormant for 3 years borrows $30M from Aave to buy more ETH

June 05, 2026, 9:00 AM
According to Onchain Lens, a whale address that had been dormant for three years deposited 20,000 ETH (worth approximately $33.28 million) into Aave V3 and borrowed 30 million USDT. The whale then used the funds to purchase more ETH. This activity increased the address's total holdings from 38,554 ETH ($64.28 million) to 56,380 ETH ($94.04 million).

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