Another whale address has collateralized 390 million USDC on Aave, borrowed 42,000 ETH, and transferred it to Binance

ChainCatcher news, according to on-chain analyst Yu Jin (@EmberCN), a certain address has collateralized 200 million USDC on Aave and borrowed 22,000 ETH (89 million USD) transferred to Binance. The analyst stated that both addresses withdrew USDC from Binance a week ago and are now collateralizing to borrow ETH tonight, suggesting it may be the same whale or institutional operation. Currently, this suspected short-selling whale/institution has collateralized a total of 390 million USDC and borrowed 42,000 ETH (169 million USD) transferred to Binance.