When the market pulls back, smart money is always moving quietly. Recently, a whale was spotted bucking the trend, spending $35.7 million to scoop up high-quality assets in the Ethereum ecosystem.

All of these moves were into blue-chip tokens: $7.99 million was used to build a position of 557,900 LINK, $5.82 million picked up 20.14 million ENA, and DeFi blue-chip AAVE saw 25,400 tokens bought for $4.9 million(. In addition, the whale allocated 3,175 ETH for $10.13 million), 6.53 million ONDO for $3.27 million(, 340,000 UNI for $2.05 million), and 22.59 million SKY for $1.09 million(. Even LDO wasn't left out, with 380,000 tokens acquired for $244,000).

Interestingly, all of these assets have already been transferred to on-chain wallet 0xBC64. Judging by the portfolio structure, this is either an institution building a long-term position or a seasoned trader preparing to catch a rebound. Either way, while others panic, big money is already getting into position.