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Whale's 4-hour large-scale layout: Borrowed 155 million USDT and aggressively bought stETH, with ETH holdings worth over 4.6 billion
【Blockchain Rhythm】Another big player is making moves. In the past 4 hours, a leading whale address borrowed only $155 million USDT and immediately bought 65,700 stETH.
This giant whale seems well-prepared. Currently, it holds a total of 142,777 ETH across two wallets, worth up to $460.11 million. This operation of borrowing large amounts of funds and then purchasing yield-bearing assets immediately reflects a certain judgment by the holder about the market—whether optimistic about ETH’s future performance or aiming to offset borrowing costs through stETH’s yields.
Large on-chain transactions like these are often worth paying attention to, as they can sometimes reflect shifts in market sentiment among institutions or major holders.