Whale deepens ETH position, adding 27,000 more in 7 hours; Aave deposit may be preparing a leverage strategy

GasFeeLady · 2025-12-29T12:26:11+00:00

A leading institution, Trend Research, increased its ETH holdings by 27,598 within 7 hours, bringing the total to 607,598 ETH, but facing an unrealized loss of approximately $117 million. Depositing ETH into Aave may suggest they are preparing to borrow or are optimistic about long-term holding.

GasFeeLady

2025-12-29 12:26:11

Abstract generation in progress

【Chain News】Just noticed an interesting on-chain movement. A leading institution, Trend Research, has been continuously accumulating over the past 7 hours, adding a total of 27,598 ETH. The latest transaction was five minutes ago, withdrawing 6,748 ETH from an exchange (equivalent to approximately $19.77 million USD) and directly transferring it into Aave as collateral.

This move is quite intriguing. Currently, this institution’s total ETH holdings have reached 607,598 ETH, with a book value of about $1.77 billion USD. However, this figure doesn’t look very good—their average cost basis is around $3,111 USD, and at the current price, they are experiencing an unrealized loss of about $117 million USD.

The step of depositing ETH into Aave is somewhat thought-provoking. There are usually two possible reasons for such an operation: either preparing for subsequent lending strategies or simply a bullish long-term holding approach. Whales are still adding positions at this level, which might reveal something.

ETH-3,95%

AAVE-8,58%

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