According to ChainCatcher, citing monitoring by Lookonchain, a whale again borrowed 19,000 ETH from Aave today as the market rebounded. The borrowed ETH was used for selling, and the amount was valued at approximately $33.48 million under the figures provided in the monitoring report.
Lookonchain’s data shows that this address has now borrowed a cumulative 44,389 ETH from Aave for selling. The total value of those borrowed tokens is estimated at about $80.56 million. The latest 19,000 ETH transaction is part of that cumulative borrowing activity.
Aave is a widely used on-chain lending protocol in the crypto market, while “whale” generally refers to an address that holds or moves a large amount of crypto assets. The original monitoring note also stated that the whale may sell more ETH in the future. The disclosed information covers the borrowing amount, the estimated U.S. dollar value, and the stated selling use.