Whale Ditches ETH Habit, Withdraws $2.09M in AAVE — But 5-Year Track Record Looks... Meh

Six hours ago, a long-time ETH whale made an unexpected move — withdrawing 8,033 $AAVE (worth $2.09 million) from Binance, marking their first recorded trade outside of ETH in the past five years.

Here’s a look at their ETH history:

Withdrawn: 5,939 ETH (~$12.39M) at an average price of $2,086

Deposited back: 2,880 ETH (~$6.37M) at an average price of $2,212

Current holdings: 3,061 ETH (~$7.37M)

After half a decade of ETH-only trades, their net gain stands at just $1.35M — not exactly whale-tier performance.

Now with a sizable AAVE position on the books, it’s anyone’s guess if this move will turn the tide.

Address:

0x65D7f3097464A109DD8648fe29bc836540442f3e