PANews reported on October 20 that according to monitoring by on-chain analyst Ember, another address just pledged 200 million USDC on Aave, and then borrowed 22,000 ETH (89 million US dollars) and transferred it to Binance.

Both addresses withdrew USDC from Binance a week ago and used it to borrow ETH tonight. They are likely the same whale or institution. This means this suspected short-selling whale/institution has now pledged 390 million USDC to borrow 42,000 ETH ($169 million) and transferred it to Binance.