On November 7th, COINOTAG News highlighted a significant transaction in the crypto market, with data from ChainNews revealing that a notable whale or institutional investor has made a strategic move in Ethereum (ETH). This entity borrowed 33 million USDC from Aave within the past hour to acquire 11,486 ETH at an average price of $2,873. The same investor had previously purchased 125,600 AAVE tokens at an average rate of $127 in late August, totaling an investment of approximately $23.94 million. With the current market conditions, these AAVE holdings have yielded an impressive unrealized profit of approximately $7.2 million, reflecting a notable gain of 45%. This transaction underscores the ongoing confidence in Ethereum’s growth prospects within the digital asset landscape.
Disclaimer: The contents on Coinotag.com require technical knowledge. Coinotag.com cannot be held liable for any gains or losses and investments are subject to risks. It is important to conduct your own research. The advertisements on Coinotag.com are carried out through third-party advertising channels. Therefore, the ad links referred from Coinotag.com are independent of Coinotag.com's approval and the visits directed through these ad links are the responsibility of the user.