Mysterious Rotating Island Discovered In Argentina

Around 118 meters in diameter landmass is located in a swampy mashes of Parana Delta not far from Buenos Aires in Argentina. The Island nicknamed The Eye appeared on Google maps decades ago but Internet is going crazy about it right now? Why?

34°15’07.8’S 58°49’47.4″W

The Eye sits on a clear, deep and cold water. According to scientists it rotates on its own axis.
Bottom is hard in a contrasts to it's surroundings and it forms almost perfect inner and outer circle which seems to be unusual.

Island was discovered six months ago by Argentinian film director and producer Sergio Neuspillerm searching for the film locations in the area. After discovering The Eye Island he abandoned film project and start to focus on Floating Island.

Both circles are so perfect that it is hard to believe that this is just an ordinary natural formation.

The Internet burst out with loads of theories.

Some believe that it hides alien entrance to their base as Argentina has more UFO sightings reports than any other countries.
Locals say that circle within a circle represents the presence of God on Earth.

According to other information The Eye is no mystery and it is just on of dozen natural formation in the area. Formations with more or less irregular edges are allegedly characteristic natural environment of the coast.