Whale Acquires 8,846.5 ETH for $23 Million, Boosting Holding to 133,600 ETH

According to a recent report by COINOTAG News dated May 27th, a notable acquisition of **Ethereum** (ETH) has taken place. An institutional player or a crypto **whale** allocated an impressive **$23 million** across four different addresses, enabling the accumulation of **8,846.5 ETH** at an average price of **$2,600**. This strategic investment expands their portfolio, now encompassing a total of **133,600 ETH**, valued at approximately **$357.83 million**. Notably, the funds leveraged for this substantial purchase were sourced via **Aave**, employing **ETH** as collateral, signifying a calculated move to utilize borrowed capital for enhancing their crypto holdings. This transaction highlights ongoing institutional interest in ETH, underscoring its significance in the evolving **cryptocurrency ecosystem**. Such investment strategies may suggest confidence in Ethereum’s future performance in the competitive market.