A major whale address shows signs of renewed activity. According to on-chain data, the well-known address Trend Research extracted ETH worth $19.77 million from a top-tier exchange in the past 5 minutes, then transferred it to the Aave protocol for lending collateral.
Even more noteworthy is the cumulative scale behind this operation — over the past 7 hours, this address has accumulated 27,598 ETH, equivalent to approximately $83.05 million. Such a dense pace of accumulation reflects market participants' optimism about the current price.
As of now, the total on-chain holdings of this address have increased to 607,598 ETH, with a total value of about $1.77 billion. At an average cost of $3,111.07 per ETH, this whale's holding cost is relatively low, providing solid confidence for long-term allocation. Movements of such large holdings are often seen as a market sentiment indicator and warrant close observation by traders.
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
17 Likes
Reward
17
4
Repost
Share
Comment
0/400
PhantomHunter
· 10h ago
Is it time to stock up again? This whale really knows how to pick the right moment.
Damn, I need to reduce my position and stay calm.
17.7 billion USD in hand, the feeling of lying flat and winning is beyond imagination.
Wait, this timing is a bit suspicious...
Really? Over 80 million in 7 hours? This is crazy.
Looks like I need to join in and have a bite.
This cost basis is just too attractive, oh my goodness.
View OriginalReply0
RamenStacker
· 16h ago
Wow, this pace, is it really about to take off?
View OriginalReply0
RugDocScientist
· 16h ago
Whales are up to something again, this time they're really serious.
---
Over 80 million invested, this is not a joke.
---
Hmm... a position of 1.77 billion, I’ll just watch quietly.
---
Cost basis is 3111, what is this guy betting on?
---
The borrowing and collateralization routine... feels like a big move is brewing.
---
Wow, still stacking for 7 consecutive hours, truly ruthless.
---
They say whales are a barometer, so we need to keep up.
---
Does this wave mean building a bottom? Or is it about dumping?
---
This position size is enough to rewrite the market rhythm.
---
The key is the low cost basis, the bottom card is quite solid.
View OriginalReply0
CryptoCrazyGF
· 16h ago
Eating melon... This whale is quietly making a fortune here
---
It's the same trick again, how is it always so coincidental
---
17.7 billion dollars... I'm stunned
---
Cost over three thousand, is this a huge profit now?
---
Following the trend or really having substance, that's the real question
---
Every time such news comes out, the coin price surges, it's so predictable
---
If big players are accumulating, should I follow? Where do I get the money?
---
Wait, why do I need to borrow from Aave? Isn't just holding better?
---
Look at my wallet and then at others' holdings... sigh
---
Is this implying something? Or just plain buying and buying
A major whale address shows signs of renewed activity. According to on-chain data, the well-known address Trend Research extracted ETH worth $19.77 million from a top-tier exchange in the past 5 minutes, then transferred it to the Aave protocol for lending collateral.
Even more noteworthy is the cumulative scale behind this operation — over the past 7 hours, this address has accumulated 27,598 ETH, equivalent to approximately $83.05 million. Such a dense pace of accumulation reflects market participants' optimism about the current price.
As of now, the total on-chain holdings of this address have increased to 607,598 ETH, with a total value of about $1.77 billion. At an average cost of $3,111.07 per ETH, this whale's holding cost is relatively low, providing solid confidence for long-term allocation. Movements of such large holdings are often seen as a market sentiment indicator and warrant close observation by traders.