Crypto Whale Stakes $7.96 Million Worth of AAVE After Binance Withdrawal
A crypto whale deposits 6,010 ETH into Binance, securing a significant profit from earlier withdrawals, still holding nearly 65,000 ETH worth $250 million.
ETH
AAVE
Fact Check
The evidence confirms a whale withdrew AAVE from Binance and staked it. However, the amount withdrawn and staked in this specific event was $5.4 million (Source 7, 9). This action brought the whale's total staked AAVE position to $7.96 million (Source 9). The statement is misleading because it presents the total staked amount as the amount of the single transaction, which was actually smaller.
Summary
On October 11, Onchain Lens reported that a whale deposited 6,010 ETH worth approximately $22.8 million to Binance, realizing a profit of about $78.98 million. The whale had previously withdrawn 86,001 ETH between June and August 2025 at an average price of $3,047, with a total value of $262 million. The whale still holds 64,981 ETH, currently valued at around $250 million.
Terms & Concepts
- ETH: Ether (ETH) is the native cryptocurrency of the Ethereum blockchain, used for transactions, smart contracts, and decentralized applications (dApps).
- Binance: Binance is a leading global cryptocurrency exchange that allows users to trade a wide variety of digital assets, including Bitcoin, Ethereum, and others.