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EyeOnChain
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AlcistaThis Whale Just Came Back After 6 Months... and Immediately Leveraged Into a $30M+ ETH Bet.
Well, that's one way to announce your return. After sitting quiet for roughly six months, address 0x709…Cad6e has suddenly reappeared on-chain and wasted no time making a statement.
About 14 hours ago, the wallet deposited 10,570 $ETH as collateral and borrowed 16 million USDS, using the funds to scoop up 14,730.36 wstETH at an average price of approximately $2,028.
Most traders would stop there.
This whale didn't. After completing the first purchase, the wallet went back for more, borrowing another 14 million USDS to increase its exposure even further.
In other words, this isn't a simple spot buy. It's a highly leveraged conviction bet on Ethereum, built through borrowed capital and concentrated into a growing wstETH position. Altogether, the move represents more than $30 million of leveraged exposure, making it one of the more aggressive #ETH accumulation plays seen recently.
What's especially interesting is the timing.
The wallet remained inactive for months, only to return and immediately start building a position of this size. That kind of behavior tends to get noticed. Whether this turns into a masterclass in buying strength or an expensive comeback attempt remains to be seen. For now, one thing is clear: this whale didn't come back to dip a toe in the water.
Here is his address:
0x7099c7d7fca074062a0fc593a35f788605bcad6e
Well, that's one way to announce your return. After sitting quiet for roughly six months, address 0x709…Cad6e has suddenly reappeared on-chain and wasted no time making a statement.
About 14 hours ago, the wallet deposited 10,570 $ETH as collateral and borrowed 16 million USDS, using the funds to scoop up 14,730.36 wstETH at an average price of approximately $2,028.
Most traders would stop there.
This whale didn't. After completing the first purchase, the wallet went back for more, borrowing another 14 million USDS to increase its exposure even further.
In other words, this isn't a simple spot buy. It's a highly leveraged conviction bet on Ethereum, built through borrowed capital and concentrated into a growing wstETH position. Altogether, the move represents more than $30 million of leveraged exposure, making it one of the more aggressive #ETH accumulation plays seen recently.
What's especially interesting is the timing.
The wallet remained inactive for months, only to return and immediately start building a position of this size. That kind of behavior tends to get noticed. Whether this turns into a masterclass in buying strength or an expensive comeback attempt remains to be seen. For now, one thing is clear: this whale didn't come back to dip a toe in the water.
Here is his address:
0x7099c7d7fca074062a0fc593a35f788605bcad6e
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