Whale Snaps Up $65M in ETH and Goes Full DeFi Mode
While the crypto market’s having an identity crisis and ETH is down bad, one absolute chad of a whale just went on a $65 million shopping spree — and didn’t just HODL.
This whale scooped up a crazy 33,441 ETH over the last 10 days, averaging about $1,959 per ETH. They even added 4,100 ETH today alone at $1,785, showing zero chill while others were panic-selling.
But Wait, It Gets Smarter…
This isn’t just a flex — the whale deposited the entire bag into Aave, a DeFi lending protocol, instead of letting it sit cold in a wallet. According to Lookonchain and Debank, the total ETH now staked on Aave is 33,723.76 ETH (worth ~$60.98M), earning 1.97% APY.
This is what the pros call: “capital efficiency.” Why just sit on the coins when you can farm yield on them too?
ETH Price Down? Whale Sentiment Up
ETH may be chilling in oversold territory, but analysts are lowkey optimistic. The charts are screaming rebound potential — and moves like this whale’s are textbook “smart money” strategies.
Instead of waiting for hype to come back, this whale bet big while everyone else was fearful. That’s a major long-term W if the market rebounds.
TL;DR:
- Whale bought 33,441 ETH ($65M) during the dip
- ETH price average: $1,959
- All ETH staked on Aave for yield (1.97% APY)
- Potential bullish signal as smart money deploys in DeFi
- ETH oversold = possible bounce incoming
What This Means for the Market:
- Whales are still playing the long game
- DeFi is where idle bags go to grow
- Watch for ETH momentum if whales keep stacking
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