Ethereum Whale Bought Altcoin for the First Time in 5 Years: Here's His Choice!

A whale, who has only made headlines with Ethereum (ETH) transactions in the last 5 years, has invested in a different altcoin for the first time and withdrawn $2.09 million worth of AAVE from Binance.

According to data shared by the on-chain analysis platform Lookonchain, the investor in question has only bought and sold Ethereum (ETH) for the last 5 years. During this period, the whale, who withdrew a total of 5,939 ETH ($12.39 million) from the exchange at an average price of $2,086, deposited 2,880 ETH back at an average price of $2,212. The current amount of Ethereum in his possession is at the level of 3,061 ETH ($7.37 million).

It turned out that this whale, who has only traded Ethereum for many years, made a total profit of approximately $1.35 million. While the size of this figure is considered quite low compared to the duration of the investment and the capital used, the whale's strategy has become a matter of curiosity among investors.

The fact that investors who have focused on a single cryptocurrency for years are turning to different assets is considered an important indicator for the market. The fact that this whale also chose AAVE for the first time instead of Ethereum may be a sign that interest in decentralized finance (DeFi) protocols has started to increase.

Experts point out that the actions of large investors often determine market trends in advance. The impact of this move by the whale on the AAVE price will be clear in the coming days.