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Big fish makes a move: +2.9K ETH on Aave
Two hours ago, a giant address added 2,909 ETH to its assets on Aave. Now it has a total of 83.8K ETH there (about $289M), and overall it has borrowed $123M in stablecoins.
Just borrowed another $10M USDC. This person is clearly preparing for something—such accumulation isn’t random. For context: ETH is currently down 2.24%, so is this the bottom, or will it go even lower?
It’ll be interesting to see what happens next—any sharp movement could trigger interesting activity on Aave.