Onchain Lens reports a newly created wallet moved 17,390 AAVE, worth around $2 million, from Binance, underscoring continuous large-volume DeFi asset transfers.
Blockchain analytics firm Onchain Lens reported on February 25 that a newly established wallet withdrew 17,390 AAVE tokens—valued at approximately $2 million—from Binance about seven hours prior. The transfer highlights continued significant movements of DeFi assets from centralized exchanges to external wallets. Although the wallet’s intent remains unclear, such withdrawals often reflect user preference for self-custody or potential staking preparation in DeFi markets.