Whale Accumulates 59,955 AAVE Worth $9.24M Using ETH, Faces $4.26M Unrealized Loss

According to Onchain Lens data, a high-activity wallet has initiated a significant position in AAVE by deploying 1,086 ETH, valued at approximately $3.17 million, to acquire 20,375 AAVE tokens. This move highlights continued participation by large holders amid shifting liquidity dynamics within the decentralized finance landscape.

Over the past four days, the same address further increased its exposure by using an additional 1,586 ETH (roughly $4.7 million) to assemble 30,003 more AAVE tokens. This activity results in an average entry price close to $156.65 per token.

The overall timing and scale of these transactions indicate a deliberate accumulation phase in Ethereum-linked assets, reflecting strategic positioning by significant market participants.
https://bitcoinethereumnews.com/ethereum/whale-accumulates-59955-aave-worth-9-24m-using-eth-faces-4-26m-unrealized-loss/

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