A whale spent over two days slowly buying up AAVE tokens, totaling around $7.45 million. This marks a bullish sentiment towards DeFi and AAVE, which have also seen generous price movements in the past few days.
A high-profile investor, known as a ‘whale,’ has been scooping up AAVE, as data from cryptocurrency exchanges shows. In recent transactions, 16,818 AAVE tokens—worth about $2.59 million were purchased three hours before the latest reporting.
Right after acquiring the tokens, the whale deposited them into the AAVE lending platform as collateral, thereby borrowing 2 million GHO — the native stablecoin of AAVE. Strategically, they used this to increase their holdings of AAVE.
The whale has invested $7.45 million in two days by acquiring 47,991 AAVE tokens. This reflects such a high buying activity because many believe in AAVE’s long term. It significantly impacts AAVE’s market dynamics by lowering the available supply and pushing the price.
Impact on AAVE
We współpracy z: https://www.thecoinrepublic.com/2024/10/14/crypto-whales-stack-up-on-aave-aave-price-to-keep-rising/
