Ethereum's veteran OGs just made a power move. Two long-dormant wallets—inactive for 5 years—deposited 44,490 ETH ($98.3M) into Aave, then borrowed 104M USDT to acquire 45,319 ETH at an average of $2,295 per token. This aggressive stacking via leverage signals that the OGs remain bullish on ETH's future trajectory.
The strategy reveals several insights: first, these are battle-tested holders who understand market cycles; second, using borrowed stablecoins to maintain market position shows confidence despite current prices hovering around $2.07K. While looped borrowing carries liquidation risks, the fact that Ethereum's OGs are making such bold moves suggests they're betting on significant upside ahead. When the long-term believers wake up and deploy leverage, it's often worth paying attention.
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Ethereum's veteran OGs just made a power move. Two long-dormant wallets—inactive for 5 years—deposited 44,490 ETH ($98.3M) into Aave, then borrowed 104M USDT to acquire 45,319 ETH at an average of $2,295 per token. This aggressive stacking via leverage signals that the OGs remain bullish on ETH's future trajectory.
The strategy reveals several insights: first, these are battle-tested holders who understand market cycles; second, using borrowed stablecoins to maintain market position shows confidence despite current prices hovering around $2.07K. While looped borrowing carries liquidation risks, the fact that Ethereum's OGs are making such bold moves suggests they're betting on significant upside ahead. When the long-term believers wake up and deploy leverage, it's often worth paying attention.