Two Ethereum wallets, inactive for five years, have reemerged to execute significant transactions on the Aave platform. The wallets deposited a total of 44,490 ETH, valued at approximately $98.3 million, into Aave. Subsequently, they borrowed $104 million in USDT to purchase an additional 45,319 ETH at an average price of $2,295 per ETH. This strategic move highlights the use of looped borrowing to accumulate more Ethereum.
Dormant Ethereum Wallets Reactivate to Acquire $ETH via Aave
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