Mystery whale pulls $290M from Aave and Sky every midnight
- —The transfers have run for 394 consecutive nights since Sept. 30, 2025
- —Aave's USDC utilization rose from 94% to 99.6% in October
- —Utilization hit 100% on six nights, leaving no unborrowed USDC
- —On Oct. 26-27, $134.1 million left a pool with $173 million available
Why it matters: Recurring liquidity drains make USDC rates and withdrawal capacity on Aave unpredictable for lenders and borrowers alike.
Source: CryptoSlate