Ethereum Whale Invests Heavily Amidst Growing Debt

A major Ethereum investor, known as 66kETHBorrow, has made significant investments recently, purchasing a substantial amount of ETH in the past two days. According to blockchain monitoring service Lookonchain, the investor acquired approximately $319 million worth of ETH (114,684 ETH), bringing their total holdings to an impressive 489,696 ETH, valued at approximately $1.35 billion. This investment comes as 66kETHBorrow faces a significant debt on the Aave platform: They are currently owing $648 million with an ETH liquidation price set at approximately $1,594.