30 days ago, a newly created wallet withdrew 50.4 million USDT from Binance. Just now, that address executed a transaction with extremely low liquidity assessment. Through the CoW Protocol routed via Sushiswap, the entire amount was exchanged for 327 AAVE (with an actual total value of only about $36,000). In this transaction, the average price paid for AAVE by that address reached an astonishing $154,000. In the same block, an MEV bot quickly executed an arbitrage logic: Borrowing $29 million worth of WETH through a Morpho flash loan, it bought AAVE at a fair price on Bancor. Then, it dumped those AAVE into the Sushiswap pool, and after repaying the flash loan, realized a risk-free net profit of $9.9 million.