Whales in the Aave crypto ecosystem have been making headlines for accumulating tokens. This is while plenty of the market has been hit by downtrends.
One Aave Whale has recently added a bunch of tokens to their holdings. He boosted his AAVE position by 9,702 tokens.
This investor has made a daring move amid a broad market shakeout. This comes after making $15.3 million in profits from earlier investments.
On average, the whale has spent $183.4 per token to buy 96,800 Aave tokens since October 13. There’s an investment of $17.8 million in total.
A whale with a $15.3M profit continues to expand its $AAVE long position after the price dropped today!
In the past 8 hours, the whale borrowed 3M $GHO and spent $3.18M (in $GHO and $WBTC) to buy 9,702 $AAVE.
Since October 13, the whale has purchased 96,800 $AAVE at an average… pic.twitter.com/9otB6zRlTC
— Spot On Chain (@spotonchain) December 19, 2024
Market Context and Whale Activity
It also stands out at a time when t
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