A whale/institution bought 18,557 ETH on the chain in the past two days, with an average price of $3,451.

On July 19, according to on-chain analyst Yu Jin’s monitoring, a whale/institution has purchased 18,557 $ETH on the chain with 64.04 million $USDT in the past two days, with an average price of $3,451. The whale/institution withdrew 47.28 million $USDT from Cryptocom, Cumberland and other places to buy $ETH on the chain, and then mortgaged $ETH to borrow 16.75 million $USDT from $Aave to continue buying ETH. Currently, the whale/institution should hold 38,000 $ETH (US$135 million). [PANews]