Whale withdraws 32K ETH ($100M) from Binance

An anonymous whale with an address beginning in 0x81d0 withdrew 32,000 ETH, valued at $100 million, from Binance a few minutes ago, according to on-chain analytics firm Lookonchain. The move follows earlier activity seven hours prior, when the same address withdrew 10,000 ETH ($33.68 million) from Binance. The whale then staked that ETH on Lido, received stETH, and used it as collateral on Aave to borrow $45 million in USDT. Subsequently, the address purchased 13,000 stETH and deposited it back into Aave. Lookonchain suggested the whale may deposit the latest 32,000 ETH withdrawal into Aave to borrow more USDT for further ETH purchases.