Whale Movements: $7.48 Million AAVE Transferred as Investor Prepares for Profits

COINOTAG News reports that as of March 19th, an on-chain analysis by expert Yu Jin indicates significant activity involving a notable whale investor in the crypto space. This entity, who strategically purchased a total of 160,710 AAVE at an average price of $89 per token from June to August 2024, has recently transferred 43,500 AAVE, valued at approximately $7.48 million, to FalconX within a short 30-minute window. This transaction marks a pivotal moment as the investor prepares to liquidate assets for profit realization beginning October 2024. To date, they have successfully sold 96,600 AAVE, netting around $16.03 million at an average price of $166, achieving profits of $7.44 million. Presently, the whale maintains a substantial holding of 67,000 AAVE, which is currently valued at $11.54 million.