USDC Whale Moves 610 Million USDC to Aave, Borrows 66,000 ETH (~$265M) and Deposits ETH into Binance

According to LookIntoChain data cited by COINOTAG News on October 21, an institutional wallet orchestrated a substantial on-chain move, routing 610 million USDC to the lending protocol Aave through three distinct addresses. The event highlights ongoing use of DeFi infrastructure by large holders and the dispersion of funds across multiple addresses to manage liquidity.

In a parallel leg, the same wallet borrowed 66,000 ETH (approximately $265 million) and directed the loaned ether to Binance. The move illustrates cross-venue asset flows involving institutional actors, reflecting a broader pattern of borrowing on-chain and transferring assets to centralized platforms for subsequent actions.