An interesting play just unfolded on-chain. A whale leveraged 220 million USDT from Aave, putting up ETH as collateral. That borrowed stablecoin? Straight into a major CEX.
The plot thickens: around the same timeframe, a fresh wallet address 0x36ED pulled out 42,225 ETH—roughly 120 million bucks—from the same exchange.
Connect the dots? Looks like someone's rotating capital to stack more ETH. Classic DeFi leverage move meets centralized liquidity. Whether it's the same entity or coordinated wallets, the scale suggests institutional-level conviction on ETH's next leg up.
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An interesting play just unfolded on-chain. A whale leveraged 220 million USDT from Aave, putting up ETH as collateral. That borrowed stablecoin? Straight into a major CEX.
The plot thickens: around the same timeframe, a fresh wallet address 0x36ED pulled out 42,225 ETH—roughly 120 million bucks—from the same exchange.
Connect the dots? Looks like someone's rotating capital to stack more ETH. Classic DeFi leverage move meets centralized liquidity. Whether it's the same entity or coordinated wallets, the scale suggests institutional-level conviction on ETH's next leg up.