Dormant whale boosts ETH position by 17,826 via Aave V3 loop; holdings rise to 56,380 ETH ($94.04M)

ChainCatcher reported that Onchain Lens data shows an Ethereum whale resurfaced after three years of inactivity. The address, which previously held 38,554 ETH worth about $64.28 million, deposited 20,000 ETH (around $33.28 million) into Aave V3, borrowed 30 million USDT and used the proceeds to buy 17,826 ETH at roughly $1,683 each, completing a looping loan strategy. The whale's total position now stands at 56,380 ETH, valued at approximately $94.04 million, and the wallet may continue accumulating ETH.