CandleFocus

Whale Bets Big on AAVE: Inside the $15.3M Profit and Bold New Investments

Despite price volatility, a well-known cryptocurrency whale has been increasing their holdings of AAVE, a decentralized finance token, indicating confidence in the asset's long-term value. Over the past few months, the whale has purchased a significant amount of AAVE, totaling 96.8K tokens, with an average cost of $183.4. This investment has resulted in an unrealized gain of $15.3M and an ROI of 86.2%. Additionally, the whale recently used $3M worth of a stablecoin called GHO, along with WBTC, to buy an additional 9,702 AAVE tokens. These actions by whales can impact market sentiment and other investors often follow their movements for insights on market trends.

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