PANews reported on December 12 that, according to Lookonchain monitoring, the whale address 0xE9D0 has once again activated its recursive lending strategy—borrowing 1 million USDC to purchase 5211 AAVE.

He currently holds 338,544 AAVE tokens (worth $69.08 million) on Aave, while also carrying $30.8 million in USDC debt.