AAVE Whale Deposits $59.34M Into Aave V3 After Withdrawing $3.3M From Kraken

COINOTAG News, in a December 3 report, cites Onchain Lens data showing a prominent whale movement in AAVE across DeFi venues.

The wallet withdrew 17,779 AAVE tokens, valued at roughly $3.3 million, from Kraken and redeployed the assets into Aave V3, signaling a shift from exchange custody to protocol liquidity.

Across the observed trail, the address has accumulated a total of 310,617 AAVE tokens, about $59.34 million, underscoring a large-scale position-building within the DeFi space.

Such moves could influence near-term liquidity dynamics and reflect disciplined capital reallocation within the AAVE ecosystem.