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Whale With $15.3M Profit Expands $AAVE Long Position Amid Price Dip

  • A high-profile crypto whale with a $15.3 million profit is increasing their $AAVE long position despite a recent price drop.
  • In the past 8 hours, the whale borrowed 3 million $GHO and used $3.18 million worth of $GHO and $WBTC to purchase an additional 9,702 $AAVE tokens.
  • Since October 13, the whale has accumulated 96,800 $AAVE tokens at an average cost of $183.4, representing a $17.8 million investment. They have seen an 86.2% increase in unrealized gains.
  • The dominance of top dapps in the DeFi sector has shifted, with protocols like $AAVE, $LidoFinance, and $Uniswap maintaining their positions while restaking protocols gain traction.

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