The truth behind the story of the $ETH whale wallet waking up after 8 years of hibernation 12 hours ago, 2 OG whale wallets unexpectedly transferred 200K $ETH (~$785M) to a fresh wallet. This $ETH was accumulated 8 years ago at an average price of ~$21.9, yielding a profit of ~x175. Currently, the 2 OG wallets still hold 240K $ETH (~$972M). Flow: Flow: OG wallet -> fresh wallet 0xC6Ba -> stake #Lido -> receive $stETH -> deposit #AAVE -> borrow $201M -> deposit $USDT to Plasma -> withdraw to fresh wallet Plasma - L1 for moving global stablecoins with gas fees ~0 and almost impossible to track the flow of USDT after withdrawal. => This indicates that the whale is both saving on fees and wants to obscure the transaction. There is still ~$600M $ETH on #AAVE that has not been borrowed. This move reflects 2 points: - The whale is not selling but staking, actively supporting $ETH in the long term. - The demand for stablecoins from the whale is extremely high. Waking up unexpectedly...
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