According to monitoring by Onchain Lens, a blockchain data platform focusing on whale addresses, a crypto whale that had been dormant for four months has suddenly become active again. The address borrowed 10 million USDT from a decentralized lending protocol and immediately used the full amount to purchase 5,589 ETH at $1,789 per token, spending approximately $10 million in total.
The whale now holds a total of 82,754 ETH, valued at approximately $147.3 million based on the same price. This indicates that the whale has significantly increased its ETH position on top of its already substantial holdings, further boosting its exposure to the asset.
Borrowing stablecoins to buy ETH is often interpreted as a sign of confidence in the token's short- to medium-term price trajectory. The whale's decisive move after four months of silence suggests a strong conviction in ETH's current valuation. On-chain data provides a transparent window into the behavior of large holders, and whale movements like this are frequently used as an informal gauge of market sentiment.