AAVE Whales Offloading Holdings As Price Peaks, Potentially Cashing In On Profits

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A wave of large AAVE transactions has caught attention as several major holders, or “whales,” have been unloading significant amounts of AAVE tokens on various exchanges, suggesting a trend toward profit-taking. One dormant whale, inactive for over a year and a half, recently deposited 25,790 AAVE (worth approximately $3.38 million) to MEXC, possibly aiming to capitalize on price gains. This whale initially purchased 27,263 AAVE between April and June 2023 for about $2.12 million, at an average price of $77.75 per token. Just an hour ago, the same whale offloaded 25,790 AAVE at a price of $131.16, potentially realizing a

The post AAVE Whales Offloading Holdings As Price Peaks, Potentially Cashing In On Profits appeared first on The Merkle News.

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