COINOTAG reports on November 15th an intriguing development in the crypto space. A recent analysis by LookIntoChain indicates that a significant market participant, often referred to as a whale, has secured a loan of 1.5 million USDT via Aave. This sizeable amount was utilized to acquire 9,829 AAVE tokens, underscoring the whale’s bullish sentiment on the asset. Since October 13th, this investor has amassed a remarkable total of 75,493 AAVE, representing a considerable investment of approximately $11.57 million. The average acquisition cost during this period stands at $153 per token, reflecting a strategic positioning within the market amid ongoing fluctuations. Such activity highlights the increasing interest in DeFi protocols and suggests a potential bullish trend for AAVE.
Source: https://en.coinotag.com/breakingnews/aave-whale-acquires-9829-tokens-signaling-strong-bullish-trend/