Whale Activity: Significant AAVE Purchase Follows WBTC Sale

According to BlockBeats, on-chain data analyst Yu Jin has reported notable trading activity involving a large-scale investor or institution. After selling 184.4 WBTC, valued at approximately $20.4 million, through Wintermute OTC yesterday, the entity has now purchased $15 million worth of AAVE through the same platform. The transaction involved transferring $15 million USDC to Wintermute, resulting in the acquisition of 57,715 AAVE tokens at a price of $259.9 each. Since March 2023, the investor has been accumulating AAVE, spending a total of $30.8 million to amass 224,010 AAVE tokens at an average price of $137.5. This strategy has yielded an unrealized profit of $26.32 million.