PANews reported on May 24 that according to on-chain analyst Yu Jin's monitoring, a whale/institution sold 184.4 WBTC (worth $20.4 million) through Wintermute OTC yesterday, and today bought $15 million worth of AAVE through Wintermute.
They transferred $15 million USDC to Wintermute, and then received 57,715 AAVE from Wintermute, which calculates to a purchase price of $259.9 per unit.
They have been hoarding AAVE since March 2023, spending a total of $30.8 million to accumulate 224,010 AAVE, with an average price of $137.5. Currently, they have an unrealized profit of $26.32 million.
