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Don't remind me again today

A mysterious Whale withdrew 218 million USD worth of ETH in 2 hours, while Aave lent back 220 million USDT to the exchange.

On December 1st, on-chain data shows significant activity.

A newly created wallet address has crazily withdrawn 77,385 ETH from a major exchange in the past 2 hours—yes, you read that right, worth $218 million. The average withdrawal price is stuck at $2,843, and this method seems very familiar, likely the mysterious whale behind the “1011 Flash Crash Short”.

The more explosive news is yet to come. In the last 3 hours, this whale has dumped 180,438 ETH into Aave V3, then borrowed 220 million USDT stablecoins, which quickly flowed back to a certain exchange.

Is this operation laying the groundwork or preparing to harvest?

ETH-1.35%
AAVE1.44%
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MeltdownSurvivalistvip
· 19h ago
Wow, 218 million USD was withdrawn so quickly, this guy really isn't afraid of being tracked. It's the same old Aave borrowing USDT trick, obviously trying to dump. This rhythm is too familiar, it's that old friend from 1011 again, it's really a bit disgusting. Borrowing 220 million USDT back to the exchange, is this going to open a short order or what? Just say it directly. Whales are playing this trick again, and we small retail investors are just waiting to be played for suckers.
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