Newly Created Wallet Withdraws 77,385 ETH Worth $218M from Binance at $2,843 Average

A newly created wallet withdrew 77,385 ETH valued at $218 million from Binance over a two-hour period on December 1, at an average price of $2,843 per token, Onchain Lens data show. The address is suspected to be linked to a whale associated with short positions opened after the October 11 flash crash. Within the past three hours, the same entity deposited 180,438 ETH into Aave V3 and borrowed 220 million USDT, which was subsequently transferred to Binance.