A major Ethereum whale with 131,000 ETH borrowed $10 million in USDe stablecoins from Aave to purchase 5,818 ETH at $1,719 each, continuing a pattern of leveraged ETH accumulation. This strategy uses DeFi leverage by borrowing stablecoins against existing ETH collateral to buy more ETH, highlighting growing use of Ethena's USDe stablecoin in Aave markets. While this approach increases exposure to ETH gains, it also carries liquidation risks if ETH prices fall sharply. The whale's disciplined risk management and past profitable trades suggest confidence in ETH's upside potential, reflecting broader trends in DeFi leverage and stablecoin diversification.

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Babylon hits $5B in staked BTC, partners with Aave for native BTC lending without wrapping or custodians.

Babylon, a Bitcoin staking protocol, has secured over $5 billion in staked Bitcoin, allowing users to stake BTC natively on Bitcoin's network and earn yield by helping secure Proof-of-Stake chains. Through a new partnership with Aave, users can now b...

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Bullish

3 days ago

Crypto whale borrows $10M USDe from Aave to buy 5,818 ETH, doubling down on Ethereum.

More News (AAVE)

Babylon hits $5B in staked BTC, partners with Aave for native BTC lending without wrapping or custodians.

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Crypto whale borrows $10M USDe from Aave to buy 5,818 ETH, doubling down on Ethereum.

More News (AAVE)

Babylon hits $5B in staked BTC, partners with Aave for native BTC lending without wrapping or custodians.

Invest & Trade with#1 Award-Winning Investment Super App

iOS App Store

Google Play Store

Invest & Trade with
#1 Award-Winning Investment Super App