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COINOTAG News, November 16, reported by on-chain analyst Wu Jinyan, identifies a prominent whale that previously borrowed coins to short ETH. The address added another 26,000 ETH into Binance about 40 minutes ago, a notional value near $82.47 million.
Earlier disclosures show the same wallet accumulated 444,895 ETH (roughly $1.39 billion) and has begun to unwind portions, signaling an orderly exit rather than a broad reversal of exposure.
Approximately eight hours earlier, the entity withdrew 177,000 ETH from Aave (about $561.3 million) and redirected 44,000 ETH to Binance (around $140.2 million), underscoring active liquidity management in the Ethereum market.
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