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Ethereum Whale Stakes $88.54M in ETH on Aave After Binance Withdrawal

An on-chain report reveals that the Ethereum address accumulated over 21,000 ETH since June 18, 2025, staking the holdings on Aave as collateral to borrow USDT.

ETH
USDT
AAVE

Summary

Ethereum address 0x1fc...FAEd5 has accumulated 21,048 ETH worth $88.54 million since June 18, 2025, at an average price of $3,794, with an unrealized gain of $8.49 million. Recently, the address withdrew 2,360 ETH valued at $9.92 million from Binance and staked the ETH on Aave as collateral to borrow 37.46 million USDT, with a health factor of 1.97.

Terms & Concepts
  • Aave: A decentralized lending protocol that allows users to deposit cryptocurrency as collateral to borrow other digital assets without intermediaries.
  • Health Factor: A metric in lending protocols like Aave that measures loan safety; values above 1 indicate the collateral can currently cover the borrowed amount.
  • USDT (Tether): A stablecoin pegged to the U.S. dollar, commonly used for trading and lending in cryptocurrency markets.