Whale Deposits 29,000 AAVE into FalconX, Totaling $9.76 Million in Recent Transactions

Recent data from Spot On Chain indicates a significant influx of AAVE tokens, as a prominent whale has transferred an impressive 29,000 AAVE, valued at approximately $4.75 million, into FalconX. Over the past 17 hours, this trader has moved a cumulative total of 59,001 AAVE, translating to around $9.76 million, at an average market rate of $165.5 per token. Presently, the investor holds 8,425 AAVE, amounting to around $1.38 million. Notably, the total estimated profit from these transactions stands at $12.3 million, showcasing a robust return of 85%, with approximately $11.9 million already realized. This activity underscores the ongoing strength and potential in the AAVE market.