AAVE Whale Buys 40,433 More Tokens Worth $7.1M as Market Dips, Accumulating 292,838 AAVE Over 3 Years

COINOTAG News, November 28, citing LookIntoChain data, shows that during a broad market dip a whale address starting with 0xE9D0 stepped in to buy 40,433 AAVE over the past five days, a stake worth about $7.1 million. The accumulation underscores on-chain demand for this DeFi token even as liquidity tightened, suggesting strategic averaging during a risk-off phase. Traders should monitor whether this activity signals sustained buying pressure or opportunistic positioning within the AAVE liquidity pool.

Over the last three years, the holder has amassed 292,838 AAVE at an average entry price of $170, equating to roughly $49.8 million in cost. The position shows an unrealized profit near $4.6 million, underscoring price appreciation and the asset’s resilient risk-reward profile within the current market cycle.