Whale Deposits 55,340 ETH on Aave, Borrows 50M USDT and Transfers to Binance
A whale address linked to prior shorting activity deposited 55,340 ETH (worth $157 million) as collateral on Aave on Dec. 1 and borrowed 50 million USDT, on-chain analyst Ai Yi reports. The borrowed stablecoins were transferred to Binance within 10 minutes. The purpose of the transaction was not disclosed.