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The whale address exchanged 240.44 BTC for Ethereum through ThorChain, then borrowed more Ethereum on Aave.
Mars Finance reports that, according to Onchain Lens monitoring, a whale address exchanged 240.44 Bitcoin (approximately $15.7 million) for 8,152 Ethereum at a rate of 0.02945. The address deposited these Ethereum into the lending protocol Aave, repeatedly borrowed $360 million USDT, and purchased 17,283 Ethereum at a price of $2,083 each. Currently, the whale holds 25,434.5 Ethereum, with a total value of about $52.45 million.