Crypto Whale Uses Aave Loan to Buy Ethereum and Exits With 400 ETH Gain

According to EmberCN, an Ethereum whale previously closed a leveraged long after borrowing 28 million USDT from Aave in February to buy 12,802 ETH at an average price of $2,187, then selling 12,402 ETH on April 18 at $2,271 and repaying 28.16 million USDT for a net gain of 400 ETH, worth about $950,000. EmberCN later reported that the same whale had also closed a much larger $398 million ETH long for $68.47 million profit and reopened a 44,000 ETH position worth about $100 million after the pullback, with an average entry price of $2,289 on April 20. The latest update says the whale withdrew 10,829 ETH from Aave after the rsETH event and sold the full amount at $2,300 per ETH for about $24.91 million in USDC, realizing about $2.41 million in profit after buying at $2,081 in March.