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Trader Deposits 9,500 wstETH to Spark, Borrows 9,500 ETH, and Completes $22.68M USDE Swap on Binance

A cryptocurrency whale created a new wallet and deposited 9,500 wstETH into Spark. The whale then borrowed 9,500 ETH valued at $22.68 million, sent it to Binance for sale, and withdrew USDE to repay loans on Aave. Blockchain analytics firm Lookonchain reported the sequence of transactions.

LO
1 source·Apr 22, 7:45 AM(14 days ago)·1m read
Trader Deposits 9,500 wstETH to Spark, Borrows 9,500 ETH, and Completes $22.68M USDE Swap on BinanceSubstrate placeholder — needs review · Wikimedia Commons (CC BY-SA 3.0)
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A cryptocurrency whale identified as 0xD91D created a new wallet with the address 0xEb2a and deposited 9,500 wstETH into Spark, according to blockchain analytics firm Lookonchain. The new wallet 0xEb2a then borrowed 9,500 ETH from Spark, Lookonchain reported. 68 million.

Lookonchain stated that the borrowed 9,500 ETH was sent to Binance. The ETH was then transferred to Binance and exchanged for USDE. Following the sale, USDE was withdrawn from Binance to repay loans on Aave, as detailed by Lookonchain.

Key Facts

Wallet creation and deposit
Whale 0xD91D created a new wallet 0xEb2a and deposited 9,500 wstETH into Spark
Borrowing and valuation
The wallet borrowed 9,500 ETH from Spark, valued at $22.68 million
Transfer and sale
The borrowed ETH was sent to Binance and sold
Withdrawal and repayment
USDE was withdrawn from Binance to repay loans on Aave
cryptowhale-activitydefi-lendingblockchain-transactionscrypto-borrowingexchange-activity

Potential Impact

  1. 01

    Demonstration of cross-protocol borrowing and repayment strategies

  2. 02

    Potential increase in ETH selling pressure on Binance

  3. 03

    Shift in liquidity between Spark and Aave protocols

  4. 04

    Influence on wstETH and USDE market dynamics

Transparency Panel

Sources cross-referenced1
Framing risk0/100 (low)
Confidence score75%
Synthesized bySubstrate AI
Word count79 words
PublishedApr 22, 2026, 7:45 AM
Bias signals removed3 across 3 outlets
Signal Breakdown
assumptive 1colloquial 1implied motive 1
Original Sources
@lookonchainWhale 0xD91D created a new wallet (0xEb2a) and deposited 9,500 $wstETH into #Spark.

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