The $230M Deposit Everyone Forgot š”š” and the ETH Move Nobody Saw Coming
Crypto has a short memory. The market gets loud, narratives shift, new headlines roll inā¦ and the biggest clues get buried under the next hype cycle.
But some deposits should never be forgotten, especially when they belong to the mysterious trader known across the community as the ā1011 Flash Crash Insider Big Shot.ā
Back on December 1st, everyone fixated on the $230 million in stablecoins slowly deposited to Binance. Speculation ran wild, gearing up for longs? OTC deals? A liquidity trap?
But there was another play that went almost unnoticed.
Because on that very same day, a brand-new wallet executed a single colossal move:
77,385.34 $ETH , worth around $219 million at the time -- left the exchange.
Today, that stash sits worth roughly $243.73 million. Eight days of nothing but silenceā¦ and a quiet unrealized gain of $23.47 million.
To put the scale into perspective: Average withdrawal price: $2,835.62. Current price: $3,141
One trade ... up $23.47M without selling a single coin
And the wallet responsible?
š 0x36ED68c47a007b6D896515070375b3f5AC9BC889
The overlap is impossible to ignore: A $230M stablecoin reload.
A fresh address pulling $219M worth of ETH hours later.
A perfect timing window right before #ETH ās next leg.
