Mystery whale pulls $290 million from DeFi each midnight, tripling Aave rates
A mystery whale has been withdrawing $290 million from DeFi every midnight, according to Bitquery tracking, causing a temporary liquidity squeeze and tripling Aave borrowing rates. A lower borrowing rate on October 29 showed a milder snapshot of the pattern. Traders should watch for repeated midnight withdrawals that could spike lending costs and stress DeFi liquidity.