According to Lookonchain, an Ethereum OG holding 736,000 ETH (worth $2.89 billion) deposited 500 million USDT into Stablecoin's treasury before the announcement of the pre-deposit program. The OG borrowed this USDT by pledging 300,000 ETH to Aave. Previously, the stablecoin Layer 1 project Stablecoin sold out its $825 million first-phase pre-deposit program within seconds after announcing it, sparking community concerns about insider trading. Verification revealed the official announcement was released at 9:10 AM Beijing time, while on-chain data indicates the first deposit was made at 8:48 AM, roughly suggesting that over 70% of the deposits were made before the announcement.