Ethereum Whale Executes $11M DeFi Strategy

Ethereum whale swaps millions in WETH and WBTC via Aave after ETH breaks $4,000.

Isolde Verne August 9, 2025 - 9:15 AM

Ethereum

Whale bought 1,390 WETH worth $5.56M at $4,000.
Deposited WETH into Aave to borrow 52.83 WBTC.
Swapped WBTC for 1,539 WETH worth $6.17M.

Whale Makes $5.56M WETH Purchase at $4K

As Ethereum crossed the $4,000 mark, a notable Ethereum whale wallet — 0xaf6c — made a bold move. The whale purchased 1,390 WETH for approximately $5.56 million, showing strong conviction in ETH’s continued momentum.

Rather than holding the WETH directly, the whale put it to work through decentralized finance (DeFi) protocols, setting up a leveraged strategy.

Using Aave for Strategic Borrowing

Shortly after the purchase, the whale deposited the 1,390 WETH into Aave, one of the largest decentralized lending platforms. Using this collateral, the whale borrowed 52.83 WBTC, valued at around $6.17 million.

Borrowing against WETH allowed the whale to maintain ETH exposure while unlocking liquidity to make further trades — a classic DeFi leverage approach.

As $ETH broke through $4,000, whale 0xaf6c just bought 1,390 $WETH($5.56M) at $4,000.

He then deposited this 1,390 $WETH into Aave, borrowed 52.83 $WBTC($6.17M) from #Aave, and swapped it for 1,539 $WETH($6.17M).https://t.co/kvuHUiE6C2 pic.twitter.com/8lAwv4BA3F
— Lookonchain (@lookonchain) August 8, 2025

Converting WBTC Back to WETH

In the final step, the whale swapped the borrowed 52.83 WBTC back into 1,539 WETH, also worth $6.17 million. This effectively increased the whale’s WETH holdings without selling the original collateral, potentially positioning for greater gains if ETH’s price continues to rise.

This move highlights how sophisticated traders use DeFi platforms like Aave to maximize capital efficiency and amplify exposure, especially during key price breakouts.

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