Data: An Ethereum OG address holding 736,000 ETH deposited 500 million USDT in advance before the stable announcement

According to ChainCatcher, monitored by Lookonchain, an Ethereum OG holding 736,000 ETH (worth $2.89 billion) deposited 500 million USDT into their treasury before the stable pre-deposit event announcement. This OG borrowed the USDT by collateralizing 300,000 ETH on Aave.

Previously, after the Layer 1 stablecoin project Stable announced its first phase pre-deposit event, the $825 million quota was sold out in seconds, sparking community doubts about potential “insider trading.” Verification shows that the official announcement was released at 9:10 (UTC+8), while on-chain data indicates the first deposit was made at 8:48 (UTC+8), before the official announcement. Rough estimates suggest that over 70% of deposits were made before the announcement.