One Wallet Borrows $22 million in USDT to Buy Ether (ETH) as Another Withdraws 3,500 ETH

Two wallets bought or withdrew a combined 13,500 Ether (ETH), worth about $29.08 million, during a market sell-off. The activity included a purchase funded with an Aave loan and a withdrawal from Binance.

Wallet 0xFD10 borrowed 22 million USDT from Aave, then spent 21.55 million USDT to buy 10,000 ETH at $2,155 apiece. At that price, the purchase was valued at $21.55 million.

Wallet 0x4AB7 withdrew 3,500 ETH from Binance, valued at $7.53 million. That withdrawal brought the address’s Ether withdrawals over the preceding week to 16,577 ETH, worth $37.5 million.

The combined 13,500 ETH figure includes the 10,000 ETH purchase and the 3,500 ETH withdrawal. Their reported values together totaled about $29.08 million.