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$157 million! On October 11, the Whale is shorting again, what is the intention behind the $50 million get on board?
[Block Rhythm] Just noticed an interesting on-chain movement — that mysterious Whale who shorted during the flash crash on October 11 has made a new move ten minutes ago.
This time he deposited 55,340 ETH as collateral into Aave, worth $157 million. He then borrowed 50 million USDT and transferred it directly to a leading exchange.
As for what this money is for? It's still unclear at the moment. However, the operations of this address have always been precise; the timing for shorting before the last flash crash was spot on. This large influx of USDT is worth keeping an eye on.