Activity among Aave's largest holders has surged, with over 3,310 transactions exceeding $100,000 in $AAVE, the highest weekly total since 2022.
Blockchain Capital, a major holder of $AAVE, transferred 16,964 $AAVE tokens worth approximately $5.04 million to FalconX, an institutional trading brokerage.
Blockchain Capital has accumulated 233,000 $AAVE tokens at an average price of $94 per token, with a floating profit of $51.31 million.
The rising interest in $AAVE among whales and institutional investors, along with the actions of major holders like Blockchain Capital, could impact market dynamics.