Whale Buys 18,557 ETH Worth $64M, Now Holds 38,000 ETH Valued at $135M

On July 19, on-chain data analyst Yu Jin reported a significant transaction involving a prominent whale or institutional investor who acquired 18,557 ETH for a total of 64.04 million USDT over the last two days, averaging an entry price of $3,451 per ETH. This entity strategically withdrew 47.28 million USDT from platforms including Cryptocom and Cumberland to facilitate the on-chain purchase. Subsequently, the investor leveraged their ETH holdings by pledging assets on Aave, securing a loan of 16.75 million USDT to further augment their Ethereum position. Presently, this whale/institution commands a substantial portfolio of approximately 38,000 ETH, valued near $135 million, underscoring a robust commitment to Ethereum amid evolving market dynamics.