On-chain analyst Ai Yi observed a whale transferring $170 million in stablecoins to Binance, backed by large ETH collateral and a substantial USDT loan within hours.
On-chain analyst Ai Yi reported that a crypto whale moved $170 million in stablecoins to Binance over seven hours. The whale has collateralized 126,232.16 ETH and borrowed 160 million USDT. The purpose of the transaction remains unclear, with possibilities including bottom fishing or margin trading. The activity highlights significant capital movement involving Ethereum-backed loans and stablecoin deposits.