EmberCN monitoring on September 26 reported an on‑chain transfer of 200,000 ETH from a single whale address. Rather than being sold into spot liquidity, a significant portion of the tranche was reallocated into lending and staking protocols to capture yield.
On‑chain traces indicate 100,000 ETH was moved to address 0xc6b…9c7 and subsequently deposited into Aave for staking returns. Separately, another entity deposited 100,000 ETH into Aave, performed a collateralized borrowing of 1 million USDT, and placed the proceeds into Plasma to pursue additional yield strategies.
EmberCN analysis suggests the assets may be linked to Bitfinex, though ownership—whether user custody or exchange treasury—remains unverified. The report limits itself to verifiable on‑chain movements and notes Bitfinex is an investor in Plasma.