According to crypto onchain data, an altcoin whale sent a large amount of Aave (AAVE) to the world’s largest cryptocurrency exchange Binance.
According to the data, the crypto whale in question deposited 17,002 AAVE worth $5.9 million to Binance. This whale had purchased 49,640 AAVE worth $4.09 million from OKX 7 months ago when the AAVE price was at $82.
Taking into account his previous sales, the whale currently holds 49,640 AAVE worth $3.91 million and has made a profit of $13.5 million from his total trades to date, representing a profit margin of 330%.
At the time of writing, AAVE is trading at $328. The token’s price has increased by 272% in the past year. However, AAVE is still 50% lower than its all-time high of $666. The all-time high was set 4 years ago. During this cycle, AAVE saw a peak price of $384.
*This is not investment advice.
Source: https://en.bitcoinsistemi.com/big-whale-sells-big-on-this-altcoin-making-huge-profits/