Ethereum Whale Adds 45,319 ETH via Aave Looping Strategy, Borrows 104 Million USDT

An Ethereum whale accumulated 45,319 ETH on Feb. 2 using a looping loan strategy, Lookonchain data show. Two addresses inactive for five years deposited 44,490 ETH (worth $98.3 million) into Aave, borrowed 104 million USDT, and purchased ETH at an average price of $2,295.