On-chain analytics platform Onchain Lens tracked a newly created address withdrawing 11,000 ETH from Binance about 40 minutes earlier, valued at roughly $31.78 million. The funds were deposited into Aave V3, where a loan of 30 million USDC was borrowed before the assets were transferred back to Binance to repurchase additional ETH. The whale currently holds 72,000 ETH, worth approximately $208.5 million at current prices. Lookonchain has identified the address as belonging to a BTC OG insider whale, underscoring ongoing large-scale activity among so-called insider wallets.
The activity highlights continued high-level on-chain moves, with cross-venue redeployment of assets and liquidity facilities shaping ETH demand and liquidity strategies in real time. Investors should watch for further transfers or new borrowing patterns that could reflect evolving insider dynamics in the BTC and ETH markets.
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