Amaranth Foundation Founder Purchases Large Amount of ETH

According to PANews, James Fickel, the founder of Amaranth Foundation, has recently purchased 7,814 ETH at an average price of approximately $3,161 per unit. This purchase, which took place within a 40-minute span, cost Fickel a total of 24.7 million USDC. In addition to this recent purchase, Fickel has also deposited 128,516 ETH, equivalent to $404 million, and 40.97 million USDC into Aave. Furthermore, he has borrowed 2,266 WBTC, which is valued at $146 million. Since December 2023, Fickel has been consistently trading the ETH/BTC pair. This information was gathered and reported by Spot On Chain, a blockchain monitoring service. The recent activities of Fickel indicate a strong belief in the potential of Ethereum, as evidenced by his substantial investments in the cryptocurrency.