Switching from WBTC to AAVE, this whale is really playing smart!!!

According to on-chain movements, a seasoned whale/institution has just completed a beautiful position rotation: just yesterday, they sold 184.4 WBTC (about $20.4 million) through Wintermute OTC, and today they have bought $15 million worth of AAVE at a unit price of $259.9, directly acquiring 57,715 AAVE.

Looking back at their strategy, this player quietly started accumulating AAVE in March 2023, and has now invested a total of $30.8 million, acquiring 224,010 AAVE at an average price of only $137.5. The current market value has already gained over $26 million, making it a perfectly timed move.

On one hand, there is still optimism about the fundamentals of AAVE (after all, it still holds the leading position in DeFi); on the other hand, it reflects the main players’ strategy logic of 'rotating undervalued assets'—funds are moving from the strong-performing BTC to the relatively stagnant but highly potential AAVE.