Ethereum Whale Moves 35,000 ETH to Binance After Aave Loan

On-chain data from Lookonchain shows that whale wallet 0x1be4 has been consistently borrowing Ethereum (ETH) and moving it onto exchanges.

In the last two days alone, the address took out a 35,000 ETH loan, worth around $59.2 million, from Aave and then transferred the assets to Binance.

This activity is taking place amid broader market weakness, as ETH has dropped 15.4% over the past week and is currently trading below the $1,700 mark at the time of reporting.

Source: Lookonchain