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Address linked to "BTC OG Insider Whale" transfers 11,000 ETH from Binance to Aave

An address linked to the "BTC OG Insider Whale" transferred 11,000 ETH from Binance to Aave on Jan. 26, on-chain data show. The address withdrew a total of 22,000 ETH from Binance in two transactions over less than three hours, with all ETH supplied to Aave. During the withdrawals, the address also pulled 30 million USDC from Aave and sent it to Binance, which may indicate a looped lending strategy, BlockBeats reports. The address now holds 83,000 ETH worth $240 million deposited on Aave, has borrowed $120 million USDC, and shows a health factor of 1.66.
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