Whale Bets Big on ETH, Acquiring 11,486 Tokens Amidst Rising AAVE Profits

WikiBit 2024-11-07 12:40

On November 7th, COINOTAG News highlighted a significant transaction in the crypto market, with data from ChainNews revealing that a notable whale or

On November 7th, COINOTAG News highlighted a significant transaction in the crypto market, with data from ChainNews revealing that a notable whale or institutional investor has made a strategic move in Ethereum (ETH).

This entity borrowed 33 million USDC from Aave within the past hour to acquire 11,486 ETH at an average price of $2,873.

The same investor had previously purchased 125,600 AAVE tokens at an average rate of $127 in late August, totaling an investment of approximately $23.94 million.

With the current market conditions, these AAVE holdings have yielded an impressive unrealized profit of approximately $7.2 million, reflecting a notable gain of 45%.

This transaction underscores the ongoing confidence in Ethereums growth prospects within the digital asset landscape.

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