ETH 1011 Insider Whale Exposed: $220M Borrowed via Aave and Deposited to Binance Ahead of ETH Long Position
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According to on-chain analyst Eye, posted on Platform X on December 11, the so‑called 1011 Insider Whale has had its ETH long position exposure exposed after a sequence of moves. The notes highlight a substantial liquidity event: borrowing over $220 million via Aave and transferring the funds to Binance, a pattern viewed as backing a long stance.
Fund provenance is linked to three on‑chain addresses: 0xF6FD, 0x4116, and 0xF744, underscoring an identifiable liquidity chain behind the position. The address trio provides a traceable footprint for the reported exposure.
Additionally, eight days prior to opening the ETH long, the whale reportedly performed an unplugging operation on the ETH in its collateral pool, a maneuver highlighted by Eye as part of pre‑positioning in on‑chain activity.