Whale Investor Buys $10 Million More in AAVE, Accumulating Total of $40.8 Million

The crypto landscape is witnessing a significant move as a prominent institutional investor has once again acquired a substantial quantity of $AAVE. Recent data from EmberCN indicates that this investor funneled an impressive $10 million into AAVE within the last day, continuing a robust accumulation strategy that began in March 2023.

Over the past four days alone, the total expenditure has surged to $25 million, securing around 94,770 AAVE at an average cost of $263.8 per token. This strategic buying approach has elevated their total holding to 261,066 AAVE, with a collective investment of $40.8 million. This ongoing accumulation has now yielded an estimated profit of $29.8 million, highlighting the investor’s confidence in AAVE’s long-term performance.