On October 29, COINOTAG reported significant activity in the AAVE market as an institutional investor began realizing profits. According to monitoring by @EmberCN, this entity, which acquired 160,710 AAVE at an average price of $89 from June to August, executed a transfer of 19,592 AAVE, valued at approximately US$3.02 million, to Binance just 40 minutes ago. Following this transaction, the whale still retains 141,118 AAVE, equating to about US$21.78 million. This move reflects an unrealized profit surge, with estimates suggesting gains could reach up to US$9.31 million. Such transactions underscore the ongoing volatility and profit-taking strategies within the cryptocurrency market, highlighting the importance for investors to stay informed on institutional movements.
Source: https://en.coinotag.com/breakingnews/whale-cashes-in-with-19592-aave-transfer-to-binance-still-holds-21-78-million-in-aave/