Whale continues to increase ETH holdings: 6.51 million coins and an additional $1.91 billion position

PriceOracleFairy · 2026-01-21T00:14:10+00:00

On January 21, an institution lent out 20 million USDT, purchased 6,656 ETH, and transferred them to Aave. The current ETH holdings amount to 651,310 ETH, approximately $19.1 billion. This move demonstrates their long-term strategic layout and has attracted significant attention in the complex market environment.

PriceOracleFairy

2026-01-21 00:14:10

Abstract generation in progress

【Blockchain Rhythms】On January 21, there was an interesting on-chain movement. A research department under a certain institution borrowed an additional 20 million USDT, then immediately used it to buy 6,656 ETH on a major exchange, and then moved it into Aave.

This move is quite significant. According to on-chain data, this institution’s current ETH holdings have accumulated to 651,310 ETH, which is approximately valued at $1.91 billion. Such a scale already makes it a quite influential player in the market.

From the flow of borrowing → buying → staking, it’s clear that they are positioning for long-term holdings. At a time when market sentiment is still quite complex, every move by this whale is worth paying attention to.

ETH-6.46%

AAVE-4.54%

View Original

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.

13 Likes

Reward
13
7
Repost
Share

Comment

0/400

BearMarketBuilder

· 3h ago

Whales are quietly accumulating again, and the pace is indeed quite aggressive. Speaking of 6.51 million ETH, it really shows how little they think of the current price. Borrow money → buy coins → stake, it's the old routine, just waiting to see how it unfolds. But at times like this, daring to go all-in either means genuine belief or being trapped.

View OriginalReply0

RooftopReserver

· 3h ago

The whales are lurking again, this rhythm feels off.

View OriginalReply0

AirdropATM

· 3h ago

Whales are starting to buy aggressively again, clearly trying to bottom out. This guy dares to borrow USDT and directly invests 6.51 million coins, also locking them in Aave, it seems he's in for the long haul. A position of 1.9 billion, I just want to ask retail investors, are you guys panicking? All major institutions are so optimistic about ETH, and we're just small investors still debating whether it will go up or down? LOL Borrowing money to buy coins, this move is really bold, but the gamble probably isn't wrong. Honestly, seeing them add to their positions so aggressively, I’m a bit tempted... but I don’t have the money, haha. This wave is a true long position, they are playing the big picture.

View OriginalReply0

UncommonNPC

· 4h ago

I'm just asking, can this whale really hold up, or is it just another harvest show?

View OriginalReply0

SmartContractPlumber

· 4h ago

Lending flows into buying and re-staking, this combination looks quite familiar. The question is how Aave's permission control works, could it be exploited? Need to review it.

View OriginalReply0

QuietlyStaking

· 4h ago

Whales are starting to stockpile again, and this rhythm looks like they're betting on a long-term move. A position of 1.9 billion, they really don't take volatility seriously. Borrowing to buy and then pledging collateral—this combo is very clear in its intent. When the market is complex, big players are the clearest-headed; following the rhythm is the right move. This wave might really be a bottom signal.

View OriginalReply0

DeFi_Dad_Jokes

· 4h ago

Whales are quietly bottoming out again, while retail investors are still debating whether to buy or not. This guy is really ruthless, directly dumping USDT, clearly indicating a long-term hold. A position of 1.9 billion USD shows that institutions are still optimistic about ETH; otherwise, why would they do this? It's both borrowing and using Aave—this combination shows they're seriously planning their strategy. Whales are eating, and we're just looking at the menu, haha.

View OriginalReply0