Whale Builds $18.74 Million Leveraged Ether Long in 24 Hours
The wallet holds about 7,000 ETH at an average entry price near $2,677.59 after borrowing $9 million in USDT through Aave.
A crypto whale built a leveraged Ether (ETH) long position worth about $18.74 million over the past 24 hours, bringing its cumulative position to roughly 7,000 ETH at an average entry price near $2,677.59.
The wallet 58bro.eth, associated with address 0xc24…FE8d2, withdrew 3,000 ETH from Binance and deposited the tokens into Aave, a decentralized lending platform. It then borrowed 9 million USDT and continued increasing its ETH exposure.
The position uses borrowed funds, meaning the wallet’s market exposure is larger than the capital directly committed. The reported average entry price applies to the wallet’s accumulated long position.
