A prominent cryptocurrency whale recently made a significant move in the altcoin market. Following a four-month break from trading, this crypto entity sold a substantial portion of its Aave (AAVE) holdings on exchange, generating an estimated $12 million profit. 💰 The whale’s activity is reflected by a transfer totaling 30,001 AAVE tokens worth approximately $5 million to a centralized cryptocurrency exchange.
This marked the whale’s return to trading after four months, with a subsequent transfer of another 73,501 AAVE tokens worth $12.51 million to a centralized exchange at an average price of $170.13 per token. It’s important to note that the AAVE price is currently around $167.
While the whale has begun selling off some of its holdings, it still retains a significant amount of AAVE in its wallet, with 37,425 tokens valued at $6.23 million.
*This is not investment advice.*