AAVE Whale Increases Holdings by 24,000, Now 276,000 AAVE at $165 Avg Following 10/11 Flash Crash

COINOTAG News, citing EmberCN monitoring, reports that a notable AAVE whale added 24,000 AAVE to its stake today, a move valued at roughly $4 million at prevailing prices. The action underscores sustained demand in the large‑holder cohort and highlights how AAVE portfolio positioning can inform liquidity and risk signals in the market.

Over the past two years, this address has accumulated about 284,000 AAVE via flash loans, at an average entry around $165. During the 10/11 flash crash, a portion of the borrowed exposure was liquidated at approximately $101, taking 32,000 AAVE off the books for about $3.22 million.

Current data indicate the address holds 276,000 AAVE with an average cost basis of $165, suggesting persistent long‑bias despite historic volatility. Readers should monitor such large‑holder activity for potential implications on price discovery and liquidity dynamics in the AAVE ecosystem.