After a three-year hiatus, a whale has once again leveraged its purchase to buy over 20,000 ETH.

CoinFeed reported on June 5th that, according to Onchain Lens, an address that had been inactive for three years has become active again. Originally holding 38,554 ETH (approximately $64.28 million), it first deposited 20,000 ETH (approximately $33.28 million) into Aave V3, then borrowed 34 million USDT, using this cyclical lending to purchase 20,201 ETH at an initial price of approximately $1,683 per ETH. This address currently holds a total of 58,755 ETH (approximately $98 million), and its on-chain behavior suggests it may continue to increase its ETH holdings.