Whale 0x3c9E Accumulates 20,300 ETH Worth $56.3M, Deposits Entire Holdings into Aave and Compound

Since July 4, the prominent whale address 0x3c9E has demonstrated a consistent accumulation strategy, purchasing over 20,300 ETH, valued at roughly $56.3 million, as reported by Lookonchain on July 14. This substantial acquisition highlights a strategic move within the decentralized finance ecosystem. Notably, the entire amount has been allocated to leading lending protocols Aave and Compound, indicating a preference for leveraging yield-generating opportunities. Such activity underscores the growing confidence in Ethereum-based DeFi platforms and reflects a broader trend of institutional-grade capital deployment in crypto lending markets.