The truth behind the story of the giant whale wallet $ETH waking up after 8 years of hibernation 12 hours ago, 2 OG whale wallets $ETH 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. The flow of this $ETH is as follows: OG wallet -> fresh wallet 0xC6Ba -> stake #Lido -> receive $stETH -> deposit #AAVE -> borrow $201M -> deposit $USDT onto Plasma -> withdraw to fresh wallet Plasma - a layer 1 for moving stablecoins globally without incurring gas fees. By depositing $USDT onto Plasma, the $USDT is then transferred to wallet addresses that are nearly impossible to track. This action helps the whale not only save on gas fees but also obscure transactions to avoid detection. Currently, the amount of $ETH deposited on #AAVE is still around $600M that has not been borrowed out as $USDT. The act of depositing $ETH...
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