Whale Alert: Major AAVE Purchase Follows $20M WBTC Sell-Off
On-chain analyst Yu Jin has highlighted significant movements by a crypto whale. The entity recently sold 184.4 WBTC—worth about $20.4 million—via Wintermute OTC.
Following the sale, the whale transferred $15 million in USDC to Wintermute and acquired 57,715 AAVE tokens at $259.9 each.
Since March 2023, this investor has steadily accumulated AAVE, spending $30.8 million in total to collect 224,010 tokens at an average cost of $137.5. This position now sits on an unrealized gain of roughly $26.32 million.
