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.