Whale Collateralizes $390M USDC to Borrow 42,000 ETH on Aave, Transfers to Binance

According to on-chain data analyst Yu Jin, a prominent whale recently collateralized 200 million USDC on Aave and drew 22,000 ETH, roughly $89 million, before transferring the funds to Binance. The operation illustrates active collateralization and sizable cross-exchange movements, signaling heightened attention to liquidity and margin dynamics within DeFi and centralized platforms. The move underscores how opportunistic balance-sheet reshaping can impact funding demand and risk pricing across the crypto ecosystem.

Earlier on-chain notes show the same address collateralizing 190 million USDC and borrowing 20,000 ETH, suggesting a single actor or affiliated entity. Together with the latest move, the balance now totals 390 million USDC collateral and 42,000 ETH borrowed (about $169 million) and moved to Binance. Traders will watch funding rates and open interest for potential ripple effects on liquidity and risk sentiment across crypto markets.

Don't forget to enable notifications for our Twitter account and Telegram channel to stay informed about the latest cryptocurrency news.