Yilihua’s Trend Research borrows 80M USDT (Tether stablecoin) via Aave (DeFi lending), sends to Binance (crypto exchange)
Trend Research shifted 36.39M USDT from Binance to Aave as ETH dropped to $2,805, amid large holdings with significant unrealized losses.
ETH
USDT
AAVE
Summary
Trend Research, led by Li Hua Yi, withdrew 36.39 million USDT from Binance and deposited it into Aave for collateral after ETH momentarily fell to $2,805. The wallet holds 661,272.65 ETH at an average purchase price of $3,104.36, incurring an unrealized loss of about $179 million. This comes after the firm's earlier move of borrowing 80 million USDT from Aave and transferring it to Binance, indicating ongoing liquidity reallocation between centralized and decentralized platforms.
Terms & Concepts
- Aave (DeFi lending): A decentralized finance protocol that allows users to supply crypto assets as collateral to borrow or earn interest without intermediaries.
- USDT (Tether stablecoin): A U.S. dollar–pegged stablecoin widely used for trading, liquidity management, and transfers across crypto platforms.
- On-chain monitoring: The analysis of publicly recorded blockchain transactions to track wallet activity and fund movements in real time.