James Fickel (founder of Amaranth Foundation) just further spent 10M USDC to buy 3,043 ETH at $3,286 on average in the past 21 minutes:

• address: 0xd85351181b3f264ee0fdfa94518464d7c3defada

In total, the founder has bought 11,758 ETH with 37.52M USDC at $3,191 on average in the past 44 hours and then quickly supplied the tokens to Aave.

Additionally, in the past 24 hours, James Fickel further expanded his long positions on the ETH/BTC trading pair by borrowing another 40 BTC ($2.51M) from Aave and then selling it for 806 ETH.

Since the start of 2024, the founder of Amaranth Foundation has borrowed 2,301 WBTC ($145M) from Aave in total and sold it for 41,944 ETH. The cost of his ETH/BTC trading pair is about 0.055.

The ETH price has surged by 6% in the past 24 hours, allegedly because Franklin Templeton's ETH ETF has been added to the DTCC ETF list.

Fig 1. James Fickel (founder of Amaranth Foundation) spent 37.52M USDC to buy 11,758 ETH at $3,191 on average in the past 44 hours.