PANews reported on July 22 that according to monitoring by on-chain analyst Ember, a giant whale received 7,487 ETH (worth US$28.15 million) from Cumberland 4 hours ago, and then pledged ETH to borrow 7.5 million USDT from Aave and continued to purchase 1,989 ETH.

Through leveraged operations, the whale has purchased a total of 32,953 ETH (worth US$117 million) in the past five days, with an average price of US$3,552: 11,003 ETH (worth US$40.53 million) were received from Cumberland, and another 21,950 ETH were purchased through on-chain expenditures of US$76.54 million.

The whale currently holds a total of 56,000 ETH (worth US$211 million).