ETH Whale Executes $82M Aave V3 Deposit and Binance Loan Strategy
On-chain analysts report a whale moving over 70,000 ETH to Binance in multiple transactions, indicating sustained large-scale selling during volatile market conditions.
ETH
AAVE
Summary
A whale address previously known for shorting 66,000 ETH has continued large Ethereum transfers, depositing 26,000 ETH worth $82.47 million to Binance 40 minutes ago. Earlier, the same wallet withdrew 177,000 ETH from Aave and transferred 44,000 ETH to Binance, signaling ongoing significant selling activity. The transactions suggest the whale is repositioning from DeFi to centralized exchanges, possibly capitalizing on current market conditions.
Terms & Concepts
- Aave: A decentralized finance protocol that allows users to lend and borrow cryptocurrencies without intermediaries.
- ETH: Ethereum’s native cryptocurrency, used for transactions and smart contract operations on the Ethereum blockchain.
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