Wallet Moves 150 Million USDT From Aave to Spark Savings
A wallet transferred 150 million USDT from Aave to Spark Savings as withdrawals coincided with double-digit USDT borrowing rates on Aave.
A wallet moved 150 million USDT out of Aave and into Spark Savings, according to The Defiant.
On Oct. 8, available liquidity in Aave’s USDT reserve on Ethereum stood at $169.54 million following withdrawals.
The withdrawals occurred as USDT borrowing rates reached double digits. The report excerpt did not identify the wallet owner or explain the reason for the transfer.
Source: The Defiant
