BlockBeats News, October 20th, according to on-chain data analyst Yu Jin’s monitoring, just now another whale address appeared, collateralized 200 million USDC on Aave, then borrowed 22,000 ETH (approximately $89 million) and transferred it to Binance.
This whale address, which had previously collateralized 190 million USDC and borrowed 20,000 ETH, is believed to be the same whale or institution. Both addresses withdrew USDC from Binance a week ago and tonight collateralized to borrow ETH.
In other words, this suspected short-selling whale/institution has now collateralized 390 million USDC and borrowed 42,000 ETH (approximately $169 million) and transferred it to Binance.
