SpotOnChain monitoring cited by BlockBeats said an unnamed whale added 4,000 ETH worth about $9.4 million to an Aave leveraged long. The position reached 22,504 ETH, valued at about $53.17 million, with $31 million borrowed in stablecoins.
Position uses recursive DeFi leverage
The reported sequence was a purchase of 4,000 ETH, a deposit of those tokens into Aave as collateral, and a stablecoin loan used to add to the position. SpotOnChain described it as the largest active leveraged ETH long on Aave at the time of the observation.
The whale’s identity, wallet address, health factor, liquidation price and stablecoin breakdown were not disclosed. The ranking and values are time-sensitive monitoring figures rather than an independent audit. Read the English BlockBeats flash (original Chinese: BlockBeats flash).