Crypto Whale Borrows $1.5M USDT for Massive AAVE Accumulation, Betting Big on DeFi
Author: Content Editor
Summary: A whale recently borrowed $1.5 million in USDT on the Aave platform to purchase 9,829 AAVE tokens. This whale has been actively trading AAVE since October 13, 2024, and has bought a total of 75,493 AAVE tokens, worth $11.57 million, with an average buying price of $153. The whale's strategy is focused on building a large AAVE holding and leveraging Aave's lending protocol to generate potential yield. This acquisition may signal a trend where whales exit DeFi assets and take leveraged positions for higher profits. The outcome of this bet will be closely watched in the coming weeks.