A major whale received 7,487 ETH from Cumberland, then used the collateral to borrow and purchase an additional 1,989 ETH
According to Foresight News, on-chain analyst Ember has reported that a certain whale received 7,487 ETH (approximately $28.15 million) from Cumberland four hours ago. The whale then staked the ETH as collateral on Aave to borrow 7.5 million USDT and proceeded to purchase an additional 1,989 ETH. Through leveraged operations, this whale has accumulated a total purchase of 32,953 ETH (about $117 million) over the past five days, with an average price of $3,552 per ETH.
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