On July 10, data from OnchainLens revealed a significant transaction involving a whale or institutional investor who liquidated 30,000 stETH, converting it into roughly 85.42 million USDC. Subsequently, the investor redeployed 85.44 million USDC into the Aave V3 protocol, signaling strategic capital allocation within decentralized finance. Despite this sizable sale, the entity retains a substantial holding of 70,004 ETH, currently valued at over $194.5 million. These movements highlight ongoing liquidity management and risk diversification by major market participants. The involved addresses include 0xd8d041705735cd770408ad31f883448851f2c39d and 0x2aaf355c820676c104bd00ee6c506fa05998dda2, providing transparency for on-chain analysts tracking institutional behavior in the crypto ecosystem.
Whale Moves 30,000 stETH for $85M USDC Deposit into Aave V3, Retains $194M in ETH Holdings
