Whales continue to make big bets on AAVE with 120,000 tokens, unrealized profit close to 7 million USD

$AAVE According to Odaily Planet Daily, on-chain analyst Yu Jin stated that a "whale" (large institutional wallet) has been continuously increasing its AAVE position through loop lending after being partially liquidated in early April when the price of AAVE dropped to 114 USD.

• Current position:

  • Holding 120,000 AAVE (~29.78 million USD) with an average purchase price of 189 USD/token

  • Unrealized profit: ~6.98 million USD

  • Liquidation price: 161.5 USD