Crypto World Network April 21 News, according to on-chain analyst Yu Jin's post, besides monitoring the "whale/institution that spent $500 million in early February to bottom out BTC and ETH" transferring the last 2,000 cbBTC to Coinbase, they also took action early in the morning to retrieve 17.4k ETH stored on Aave by swapping deposit tokens (aEthWETH) directly into ETH, incurring a loss of 310 ETH ($720k), approximately a 1.8% discount. They then transferred the swapped ETH to Spark. Since Aave currently still suspends WETH withdrawals, there are two ways to exit ETH from Aave: swap into other assets for withdrawal (such as wstETH), or swap deposit tokens (aEthWETH) into ETH, but the latter involves a certain discount.

BTC-0.38%
ETH-0.52%
AAVE2.36%
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