Whales bought ETH with USDT during the May decline. What are the on-chain whales doing now?

2026-01-06 15:00:11

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【Crypto World】Recently, an interesting on-chain movement — a whale, during the May 27th dip, collateralized 15,000 ETH on Aave and borrowed 40 million USDT in one go. This money didn’t sit idle; it was immediately used to buy 10,389 ETH at an average price of around $3,850 on Binance.

This move appears to be borrowing stablecoins while contrarily increasing ETH holdings, a classic leveraged position strategy. When the market is in panic, large holders tend to accumulate chips, and such movements have always been worth paying attention to — often reflecting the judgment of some savvy funds. From on-chain data, these large transactions themselves indicate that someone is betting on the future market direction.

ETH-1,81%

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ApyWhisperer

· 01-06 15:30

This whale is ruthless, even daring to pick up panic sell-offs... But to be honest, isn't the risk of this kind of leverage operation not as low as you might think?

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LuckyBearDrawer

· 01-06 15:29

Wow, this whale is really outrageous... The move to add leverage and increase positions, I truly don't understand it. Do they really dare to do this?

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UncleWhale

· 01-06 15:23

This whale is really bold. During the May dip, they directly used leverage to buy the dip, throwing in 40 million USDT all at once... I don't have that kind of guts.

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SmartContractDiver

· 01-06 15:09

Damn, this whale is playing so aggressively, panic selling drops and directly leverages to buy the dip. I just want to know what's going on now.

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