Whale Buys 1,844 ETH with 5M USDT Loan on Aave and Deposits Entire Amount Back

According to recent data tracked by The Data Nerd and reported by COINOTAG News on June 13, a prominent whale wallet beginning with 0x109 executed a significant transaction within the decentralized finance ecosystem. The address borrowed 5 million USDT from the Aave protocol, subsequently acquiring 1,844 ETH, valued at approximately $4.6 million. Following this purchase, the whale promptly deposited the entire ETH holding back into Aave, increasing their collateral position. Presently, the wallet maintains a substantial balance of 23,786 AETHWETH, reflecting its leveraged exposure within the platform. This activity underscores the ongoing strategic utilization of lending protocols by large holders to optimize capital efficiency and leverage in the Ethereum market.