Whale Executes $610M USDC Strategy via Aave and CEX

GateNews
AAVE4,25%
ETH4,22%

Gate News bot message, an Unknown Whale executed a series of significant transactions involving multiple cryptocurrencies. According to on-chain data, three wallets controlled by the same entity withdrew $610.2 million USDC from centralized exchanges one week ago.

The whale subsequently deployed these funds into Aave V3 protocol as collateral to borrow 66,000 ETH, valued at $266.09 million. Within the past 4 hours, these borrowed ETH tokens were deposited back into centralized exchanges.

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