Whale’s $30M AAVE Purchase Soars to $86M Amid Continuous Accumulation Since March 2023

According to recent data from EmberCN, a prominent whale or institutional investor executed a significant acquisition of 114,300 AAVE tokens via Wintermute, investing approximately $30 million at an average price of $262 per token. This strategic purchase aligns with the ongoing bullish momentum in the AAVE market. As of today, the market value of this holding has surged to an estimated $86.48 million, reflecting an impressive unrealized gain of nearly $40.68 million. Since March 2023, this investor has steadily increased their position, cumulatively deploying around $45.8 million to accumulate a total of 280,600 AAVE tokens. This sustained accumulation underscores a strong conviction in AAVE’s long-term potential within the decentralized finance ecosystem.