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Large wallet moves $150 million in USDT from Aave to Spark Savings

What happened

The rotation extends a capital shift away from Aave that began after the KelpDAO rsETH exploit left the lender with bad debt A single on-chain wallet has pulled $150 million in USDT out of Aave and parked it in Spark’s USDT Savings product, known as spUSDT. The withdrawals.

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