PANews reported on May 27 that according to Ember, an institution or whale purchased a total of 8,846.5 ETH at an average price of $2,600 through 4 addresses in the past day, spending $23 million. The source of funds was borrowed with ETH collateral from Aave and then bought again, indicating that it is leveraging and increasing its position. The entity currently holds a total of 133,600 ETH with a market value of approximately $358 million. Trend Research stated that "the above address is the address of this institution." And since building a position at $1,400 for ETH and publishing a bullish research report at $1,800, it is still firmly optimistic about the prospects of ETH and its blue-chip ecological assets.