Starting with wallet addresses, 0x5a80 began to gradually collect $AAVE; this last collection cycle took place almost 17 hours ago and currently holds a total of 478,730 AAVE.
This move by the whale caused the price of the token to skyrocket by more than 34% to a price of $76.86. Previously, this person also had a long history of holding tokens for this lending protocol.
Next, 0x7806 and 0xb611 addresses also gradually gathered $AAVE from Binance. It is suspected that these two sources are both from the same whale because they were both drawn from the same address.
On Etherscan, a total of 3,447,036 $AAVE were traded, representing 21% of the total supply.
The whales are still holding tokens and show no signs of moving. However, the price of AAVE has also somewhat lowered to $65.3 at the moment. The question mark is whether this is a push to take profits or not, given that the cash flow is still largely in Bitcoin.
Summing up
Through the above article, CryptoChill has helped you know about the project.
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