ETH Withdrawals Hit 77,385 from Binance Tied to ‘1011 Whale’ Short After Flash Crash as 180,438 ETH Flows to Aave V3 and $220M USDT Is Borrowed
ETH/USDT
$11,341,264,445.51
$2,157.00 / $2,050.12
Change: $106.88 (5.21%)
-0.0036%
Shorts pay
On-chain monitoring from Lens identifies a newly active wallet that has withdrawn 77,385 ETH withdrawals from Binance over roughly two hours, valued at about $218 million. The average exit price near $2,843 per ETH signals intentional asset extraction rather than routine transfers, indicating a notable liquidity shift across major exchanges.
Concurrently, the same wallet shows significant DeFi activity: a deposit of 180,438 ETH into Aave V3 and a borrow of $220 million in USDT, later redeposited into Binance. The pattern points to leverage deployment and cross-exchange settlement, illustrating how on-chain routing can influence liquidity across markets.
Analysts will monitor corroborating on-chain data to assess wallet linkage and any market impact. Until clarity emerges, traders should prepare for volatility in liquidity-sensitive pairs as data tracks continue.