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- Whale earned $1.81 million from AAVE by staking and selling at a 28% profit.
- The whale missed out on an additional $2.7 million by not selling in December 2024.
- AAVE's market shows positive movements, with a 3.39% increase in the last 24 hours.
A whale known as "0xfc0" recently performed significant activity in the DeFi space, reserving a profit of $1.81 million from AAVE transactions. Between August 23 and November 27, 2024, the whale earned a total of 43,885 AAVE tokens, investing approximately $6.4 million at a moderate price of $145.9 per token. The whale then staked these tokens on the Aave platform to gain rewards.
Profitable Exit on Binance
According to the Spot On Chain post on X, the whale initiated the unstaking and withdrawal process from Aave and then deposited 44,765 AAVE to Binance. The whale sold the tokens at $183.27; they achieved a $1.81 million profit, which is about a 28% in the percentage of increase. They were able to sell them at that time at a fair value of $8.2 million.
While the whale earned a substantial profit, they missed out on potentially larger gains. Had the whale sold their AAVE holdings in December 2024, they could have made $10.9 million from the same amount of tokens. This difference of $2.7 million underscores the volatile nature of the crypto market and the timing of market movements.
AAVE Current Market Movement
The current price of AAVE exchange is $176.45, which is 3.39% higher than in the previous 24 hours, as reported by CoinMarketCap. The trading volume for 24 hours is $326,780,268 and this is an increase of 59.77%. The market capitalization of AAVE for this period stands at $2.66 billion, an increase of 3.40%.
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The market trajectory shows a recent upward direction in the price, peaking near $183. The current trading price is slightly below that peak, at $176.45. The market cap to TVL ratio is noted at 0.15, suggesting a relatively balanced market action. The circulating supply of AAVE is 15.09 million tokens, representing the majority of the total supply of 16 million tokens.
