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There’s a whale playing at a whole new level on Aave. Just two hours ago, this guy moved another 2,909 ETH in, and now he’s holding 83,816 ETH (worth about $289 million). What’s even crazier is that he’s borrowed $123 million USDC from Aave, and recently added another $10 million.
This move is pretty interesting—why borrow stablecoins when you’re holding so much ETH? Either he’s waiting for an opportunity to buy other tokens at the bottom, or he’s planning something big. Anyway, every move these on-chain whales make always stirs up the market. Do you think this signals confidence in the market’s future, or is he betting on a big crash coming up?