AAVE Whale Reacquires Tokens Following October Liquidation

According to PANews, a significant AAVE investor, who experienced a partial liquidation during the sharp price drop on October 11, has repurchased 24,000 AAVE tokens valued at $4 million. Over the past two years, this investor accumulated 284,000 AAVE tokens at an average price of $165 through a strategy of circular lending. During the October 11 price plunge, 32,000 AAVE tokens, worth $3.22 million, were liquidated at a price of $101 each. The investor has now used 4 million USDC to reacquire 24,000 AAVE tokens, bringing their total holdings to 276,000 AAVE tokens, maintaining an average acquisition price of $165.