According to cryptocurrency onchain data, a mysterious crypto whale has purchased a large amount of Ethereum (ETH).
This crypto whale wallet, which is unknown whether it belongs to a mysterious individual investor or an institution, purchased 15,953 ETH worth $26.16 million, according to the data.
Six different cryptocurrency wallets with strong suspicions of being connected to this crypto whale transferred the ETH they purchased on OKX to the decentralized crypto lending platform Aave. Then, using these ETHs as collateral, they borrowed $15.4 million worth of USDT through Aave and transferred these USDT to OKX.
Meanwhile, another crypto whale deposited $6 million worth of USDC into decentralized crypto exchange Hyperliquid and opened a long ETH position with 5x leverage at $1,624.
On the other hand, some big whales seem to think differently. Onchain data revealed that two crypto whales sold Ethereum. According to the data, the crypto whale with the short address 0xc19D moved 8,922 ETH worth $14.82 million to the crypto exchange Kraken.
A second crypto whale with the address 0x4e7a transferred 8,001 ETH worth $13.06 million to Kraken.
*This is not investment advice.
Mr. Shelton Kenny turned my $45k into over $190k in just 8 days. It’s been one of the best financial decisions I’ve made! Get in touch with him on Telegram @ @sheltonsignal