Whale's new move: withdrew $121 million ETH from the exchange, borrowed $63 million USDT from Aave.

[Block Rhythm] An interesting move has occurred. On December 24, a whale address on a certain chain, 0xB85, suddenly made a significant adjustment to its Holdings. Eight hours ago, this whale withdrew 12,287 ETH (worth approximately $36.04 million) in one go from a major exchange and immediately transferred it to the Aave lending protocol. It borrowed 20 million USDT and took the opposite position by accumulating 6,787 ETH.

What's even more impressive is that this guy now holds a total of 40,974 ETH, worth 121 million USD, while borrowing 63 million USDT from Aave. This operating model is quite clear — using ETH as collateral to borrow stablecoins, clearly preparing funds for subsequent actions. Market sentiment is changing, and the wallets of big whales are also speaking.

ETH-0.18%
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JustAnotherWalletvip
· 16h ago
The whale's move this time is definitely playing a long game, with 121 million ETH collateralized to borrow stablecoins, clearly stockpiling ammunition.
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MoneyBurnervip
· 12-24 04:16
Wow, this guy is building a position, with a reserve of 63 million USDT in stablecoins. Clearly stockpiling to prepare for a meal.
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NFTRegrettervip
· 12-24 04:05
What is this Whale lying in ambush for, borrowing so much U? It seems like they are going to dump.
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SingleForYearsvip
· 12-24 04:01
A whale is playing chess while we watch the game. 121 million USD worth of ETH is used as collateral to borrow 63 million USDT. This pace... should we panic or keep up?
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SnapshotLaborervip
· 12-24 03:58
Wow, this Whale is scheming again. Is borrowing so much USDT for dumping or buying the dip?
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