July 19th, according to on-chain data analyst Yujin, a certain whale/institution has spent 64.04 million USDT to buy 18,557 ETH on-chain in the past two days, with an average price of $3,451 per ETH.

The whale/institution withdrew 47.28 million USDT from platforms such as Cryptocom and Cumberland to purchase ETH on-chain, and then collateralized the ETH to borrow 16.75 million USDT from Aave to continue buying ETH. Currently, this whale/institution holds 38,000 ETH (approximately $135 million).