Whale Activity: Significant Purchase of AAVE Follows Sale of WBTC

According to BlockBeats, on-chain data analyst Yu Jin has reported notable trading activity involving a large-scale investor or institution. After selling 184.4 WBTC, valued at approximately $20.4 million, through Wintermute OTC yesterday, the entity has now purchased $15 million in AAVE through the same platform.

The transaction involved the transfer of $15 million in USDC to Wintermute, resulting in the acquisition of 57,715 AAVE tokens at a price of $259.9 each. Since March 2023, the investor has been accumulating AAVE, spending a total of $30.8 million to gather 224,010 AAVE tokens at an average price of $137.5. This strategy has generated an unrealized gain of $26.32 million.