🐋 Whale Moves: The Infinite ETH Loop
A deep-sea player just executed a high-conviction leverage play on Aave V3:
1. Supplied: 3,500 ETH ($8.26M) into Aave V3
2. Borrowed: $8M $USDC against that collateral
3. Bought: 3,386 more ETH at $2,363 per ETH
4. Supplied again: The newly bought ETH back into Aave V3
End result:
The whale now sits on 6,886 $ETH (~$16.22M) — all supplied as collateral, effectively doubling down on ETH at a $2.3K average entry.
Why it matters:
This isn’t a spot buy and hold. It’s a recursive collateral loop — increasing leverage while keeping borrowing costs (USDC) manageable unless ETH drops sharply.
Risk level: High.
Conviction level: Extreme.
Watch the liquidation price closely. If ETH trends down, this position could get squeezed. If it rips, this whale just printed a masterclass in DeFi leverage.
Always DYOR No Financial advice!
