53,120 ETH Scooped Up by Whales During Market Pullback

Large-scale buyers stepped in during a recent price dip in Ethereum, carrying out several multi-million-dollar transactions across the market.

In one instance, a group of seven siblings acquired 32,919 ETH worth about $58 million at an average price of $1,762. After the price decline, their position is currently sitting at an estimated unrealized loss of around $2.8 million.

At the same time, another large holder moved to take advantage of the dip by depositing 20,000 ETH into Aave, borrowing $34 million in USDT, and using the funds to purchase 20,201 ETH at $1,683.

Source: Lookonchain