A prominent wallet address has engaged in significant DeFi activity, depositing approximately 180,200 ETH (valued at roughly $511 million) into the Aave lending protocol. Following this massive collateralization, the entity borrowed over $220 million in USDT. These borrowed stablecoins were immediately transferred to Binance, sparking market speculation about potential buy-the-dip strategies or further leverage. The address in question has a history of strategic moves. While some reports link it to profitable shorting activity during previous flash crashes, on-chain history also indicates this ETH was originally staked three months ago after the entity rotated funds from BTC to ETH on Hyperliquid. [Update 1] New data confirms the specific amounts involved: 180.2K ETH deposited and $220M USDT borrowed. The funds' movement to Binance is now corroborated, with additional context that this entity previously executed a large rotation from Bitcoin to Ethereum three months prior.