Trend Research has made a significant move by depositing 100 million USDC into Aave and subsequently borrowing 27,000 ETH, valued at $57.2 million, which was then transferred to Binance. The transaction occurred four hours ago, with the account's health factor currently at 1.36.
Earlier in February, the same entity reportedly sold 658,168.58 ETH over eight days, worth $1.354 billion, resulting in a loss of approximately $688 million and erasing $315 million in previous profits. The wallet address involved in these transactions is 0x25ff13e9e6574a67393101f65a4e23718b0cbeac.
Trend Research Deposits $100M USDC to Aave, Borrows $57.2M in ETH
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