Whale borrowed 10 Million Dollar for Ethereum! - Coin Bulletin

A major investor borrowed USDT worth 10 million dollars from the Aave platform to buy approximately 4,000 Ethereum (ETH).

Known as one of the major players in the cryptocurrency market, whale account Whale 0x9992 has accelerated market movements again. Earlier today, the whale borrowed a total of 10 million dollars worth of stablecoin Tether (USDT) from the decentralized finance platform Aave, using this amount to strengthen its Ethereum (ETH) holdings.

The whale bought a total of 3,983 ETH with the amount borrowed. This transaction, with an average cost of $2,510.64 per ETH, clearly demonstrates the whale's confidence in cryptocurrencies. The steps taken by the investor after the transaction are being closely monitored in the market, and the impact on Ethereum's price movements is being wondered about.

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Large purchases by whales often have a significant impact on the market. The large amount of trading by investors such as Whale 0x9992 can play an important role in the short-term price movements of leading crypto assets such as Ethereum. It is eagerly awaited that this transaction will be reflected in the Ethereum price in the coming days.