Crypto Whale Withdraws Almost 40K ETH from Binance and Transfers to Aave

Written by Ohris M. Greyoon, Blockchain & Crypto Expert

ETH-1.529%

AAVE-0.947%

Source: Coinmarketcap

Updated: Nov 14 2025

Crypto Whale Acquisition: A crypto whale, known as the "66K ETH Borrow Whale," has acquired over 405,000 ETH, valued at approximately $1.28 billion, and has been actively transferring and leveraging ETH through decentralized finance (DeFi) platforms like Aave.
Long ETH Strategy: The whale employs a recursive leveraging model to increase exposure to Ethereum by borrowing stablecoins against ETH collateral, purchasing more ETH, and redepositing it to continue the cycle, despite facing risks from market volatility.
Recent Transactions: The whale's recent activities include significant purchases from Binance, with withdrawals and deposits to Aave that have increased its total holdings while reducing liquid ETH supply on centralized exchanges.
Market Impact and Risks: The whale's strategy comes during a bearish market for Ethereum, leading to unrealized losses due to a recent price drop, raising concerns about potential liquidation risks if ETH prices continue to decline.

About the author

Ohris M. Greyoon

Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.

Crypto Whale Withdraws Almost 40K ETH from Binance and Transfers to Aave

About the author

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