Whale runs over $10 million in Aave and GHO transactions across the Ethereum Network

• The two Ethereum whales acquired $7.5 million in Aave using borrowed USDC and GHO tokens.
• Aave-USDC’s tuned Aave-USDC hinted at tips on rebalancing OTC-style assets on Ethereum.
• The Gnosis Safe Proxy handled over $10 million with Aave and Gho via cow protocol and Aave.

Two high-value Ethereum wallets perform a series of synchronous transfers over $10 million with Aave and Gho tokens, and blockchain data points to leveraged borrowing, liquidity rotation, and debt-based assets rebalancing. The 11-hour transfers involved both Stablecoin borrowing and token construction, and activities were routed through major decentralized finance protocols such as Aave and Cattle Protocols.

Transactions are currently recorded on the chain, with address-level data confirming that stakeholders hold significant Aave positions before and after the most recent event. Adjustments, mirrored values, and protocol selection refer to a structured fund management strategy that runs on-chain.

$7.5 million in Aaves acquired using borrowed capital

According to LookonChain data, Wallet 0x372C borrowed $5 million in USDC directly from the Aave Lending protocol and used its capital to obtain 19,608 Aave tokens. The transaction was completed approximately 11 hours before reporting, and the receiving wallet currently holds 280,673 Aaves, equivalent to $69.44 million.

Another wallet, 0XEBB4, implemented a similar strategy by borrowing 2.5 million GHO and using it to purchase 10,131 Aave tokens. Currently, the address maintains a balance of 120,513, which is worth $29.8 million. Both wallets have previously been linked to large amounts of transfers, enhancing the consistency of transaction patterns.

The exchange between Aave and USDC reflects a tuned movement

In a parallel transaction reported by Arkham Intelligence, Wallet 0xe9d0 transferred 19,608 Aave tokens valued at around $4.76 million to 0x372c to the wallet. Within the same time, when I received my wallet, 5 million USDC sent me a different address, 0x95bf…

Movement refers to the use of more general OTC strategies to readjust your portfolio. Looking at historical data, these wallets appear to be moving Aaves of the same size across each session, suggesting a general approach to using funds within Defi in Ethereum.

There were many purchases during the swap, but the price of Aave had no experience with any significant swings.

Gnosis Safe Proxy moves over $10 million via cow protocol and Aave

Coversix analysis detected that Gnosis Safe Proxy address 0XEBB4 had 7 or more transactions occurring within an hour. The sequence was started when the 10,131 Aethaa token moved directly to the system from a null address, which is usually a sign of a munt event. Shortly after receiving the token, they were sent to an Aave Ethereum contract and marked down as an Aave token worth $2.45 million.

This address was then involved in several swaps on COW protocol payment agreements. The first transaction received 1.38 million GHO, sent 5,585 Aave tokens, and the second transaction received 112 million GHO, and sent 4,546 Aave tokens. Due to adjustments to the currency value, both sides appear to be engaged in equal trading.