An unidentified trader increased their leveraged Ether (ETH) long position on Aave by 4,000 ETH, bringing the total to 22,504 ETH valued at $53.17 million as of October 28. The trader purchased ETH, used it as collateral on Aave, and borrowed $31 million in stablecoins to boost the position. This marks the largest active leveraged ETH long on Aave, highlighting significant bullish sentiment in the market. The move could influence other traders and impact ETH price dynamics on the platform.
The whale's addition of $9.4 million in Ether to a leveraged Aave long position is notable market context. For readers following broader cryptocurrency trends, here is Pluang's market snapshot as of Oct 28, 2026 13:03 WIB: out of 50 major cryptocurrencies, 45 rose and 4 fell. ZIL rose 3.46% with 82% buy activity, SNX gained 3.37% with 100% buy activity, and AXS increased 3.32%.
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