An entity withdrew $46.02 million worth of Ethereum (ETH) from Binance and Bitfinex at $2,419 bitcoin per ETH.
Five wallets from the entity withdrew 50.15 million USDT strategically alongside acquiring $46.02 million worth of ETH.
The Aave community voted in favor of a proposal by the Neon Foundation and Aave Chain Initiative (ACI) with an 83% majority.

In a recent tweet by on-chain analyst SpotOnChain, an entity made substantial Ethereum (ETH) withdrawals and subsequent staking activity. Meanwhile, Aave, a prominent decentralized finance (DeFi) platform, is on the verge of a major upgrade.

Over the past 2 days, an entity with 8 wallets withdrew $46.02M in $ETH from #Binance and #Bitfinex at ~$2,419, then staked with #Lido:– 5 wallets withdrew 50.15M $USDT from #Aave to CEX for 19,021 $ETH ($46.02M).– 3 wallets still hold ~30M $USDT in #Aave and may deposit it… pic.twitter.com/vqPYTTaWjT— Spot On Chain (@spotonchain) January 23, 2024

Over the past two days, a crypto entity utilizing eight wallets executed a noteworthy movement. This entity withdrew $46.02 million worth of ETH from two major exchanges, Binance and Bitfinex. The withdrawals occurred at a price p…
The post Large ETH Withdrawals and Staking Occur as Aave Prepares for Major Upgrade appeared first on Coin Edition.

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