The shark that took $10 million out of Aave on Arbitrum put $8.32 million back
A day after one wallet drove an $8.35 million net outflow from Aave's USDC pool, it bought back almost all of it. The 7-day net is now just minus $27,800.
Key points
- The shark wallet ending c060 bought $8,318,582 of aArbUSDCn, the receipt for USDC deposited in Aave on Arbitrum, in 2 trades, DeepSea's live feed showed on November 6, 2026.
- In DeepSea's November 5 reading the same wallet had sold $10 million and bought $1.65 million, a net $8.35 million out.
- Add it up and the wallet is back within $27,831 of where it started. DeepSea's token page shows a 7-day whale net flow of minus $27,800.
What DeepSea's data shows
DeepSea's live feed totals trades by wallets it tags as sharks (large, active traders). At 6:34 a.m. ET on November 6, 2026, the top item on its 24-hour Arbitrum buying list was aArbUSDCn: $8,318,582 bought and nothing sold, in 2 trades, all by the wallet ending c060. DeepSea gives no name for it.
The same total was already in DeepSea's 12:34 a.m. ET reading. It was not in the November 5, 6:36 a.m. ET reading, so the buying happened between those two times.
On November 5 we reported that this wallet had sold $10,000,000 and bought $1,653,587 of the same token, the main source of a net $8.35 million outflow. DeepSea's token page for the contract now shows a 7-day whale net flow of minus $27,800, down from minus $8.35 million a day earlier.
Data: DeepSea (desea.io), checked November 6, 2026, 6:43 a.m. ET.
The token in this story
On Aave, savers lend out their coins for interest and borrowers take them. Depositors get an aToken as a receipt, worth $1 for each $1 of USDC (Circle's dollar token) in the pool. CoinGecko maps this Arbitrum contract to Aave v3 USDC and showed it at $0.9997 at 6:44 a.m. ET, with USDC itself at $0.9995.
Buying the receipt means either depositing USDC into Aave or taking over someone else's deposit. Selling it means withdrawing or handing the deposit to someone else.
The round trip in numbers
Across DeepSea's two 24-hour readings, the c060 wallet sold $10,000,000 and bought $9,972,169 of aArbUSDCn ($1,653,587 plus $8,318,582). That leaves a net of minus $27,831, which matches the minus $27,800 on DeepSea's token page.
aArbUSDCn trades by the c060 wallet
US$ million
Source: DeepSea live feed
Why it matters
How much USDC sits in a lending pool sets how much others can borrow and at what rate. A $10 million withdrawal followed by an $8.32 million return within about two days means the pool's supply from this wallet is nearly back where it was. The data does not show why the wallet moved the money.
This piece uses data from DeepSea and CoinGecko. CoinGecko showed ether at $2,242.86 at 6:44 a.m. ET, down 7.2% in 24 hours, so the money came back during a sharp market drop.
LC Insight analysis
This section is our reading of the facts above, not a statement of fact.
- We think this closes the story we reported on November 5. The $8.35 million outflow was not an exit from Aave, at least not a lasting one.
- Big round trips like this can make one day's flow data look dramatic. Reading two or more days together gives a truer picture.
- The wallet moved during a sell-off, when borrowing demand can change fast. Where it puts the USDC next is worth following.
What's next
- Another large aArbUSDCn sale by the c060 wallet
- The 7-day whale net flow on DeepSea's aArbUSDCn page
- USDC borrowing demand on Aave's Arbitrum market after the sell-off
Disclaimer. This article is based on public information and the sources listed below as of the update time shown. It is for information only and is not investment, legal or tax advice. Figures may change as companies and authorities publish new data.
Sources
- DeepSea live feed, 24-hour shark aggregates (fetched November 6, 2026, 6:34 a.m. ET; earlier readings November 6, 12:34 a.m. ET, and November 5, 6:36 a.m. ET)
- DeepSea, aArbUSDCn (Arbitrum) token page: 7-day flows (checked November 6, 2026, 6:43 a.m. ET)
- CoinGecko, Aave v3 USDC (aArbUSDCn contract on Arbitrum) price (November 6, 2026, 6:44 a.m. ET)
- CoinGecko, USDC and Ethereum prices (November 6, 2026, 6:44 a.m. ET)
