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AAVE Whale Begins Profit-Taking After Accumulating $9.31M In Unrealized Gains

  • A major investor who accumulated 160,710 AAVE at a low of $89 per token during June-August has started to take profits.
  • The investor recently transferred 19,592 AAVE, worth around $3.02 million, to Binance, indicating a potential exit strategy.
  • Despite profit-taking, the investor still holds 141,118 AAVE valued at $21.78 million and has realized an unrealized gain of $9.31 million.
  • AAVE remains a prominent player in the decentralized finance (DeFi) space, accounting for over 55% of the total value locked (TVL) among the top five lending protocols.

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