A whale pledged 78,444.11 ETH to borrow 100 million USDT in the past 9 hours, then deposited the funds into Binance and withdrew 44,287.8 ETH.

PANews reported on November 11th that, according to on-chain analyst @ai_9684xtpa, a large whale/institution (0xE5C...B4e4c) is actively borrowing heavily to go long on ETH. In the past 9 hours, they collateralized 78,444.11 ETH on Aave to borrow 100 million USDT (health level 2.33), subsequently depositing it into Binance and withdrawing 44,287.8 ETH (approximately $156 million), at an average price of $3,532.6.

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Author: PA一线

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