Whale withdraws $31.8M in ETH from Binance

An anonymous new wallet, starting with 0xA75, withdrew 11,000 ETH ($31.78 million) from Binance approximately 40 minutes ago, Onchain Lens reported. The address then deposited the funds into the crypto lending protocol Aave, borrowed 30 million USDC against the collateral, and transferred the stablecoin back to Binance to purchase additional ETH. The wallet now holds a total of 72,000 ETH, worth approximately $208.5 million.