Whale Moves Millions in AAVE to Binance Amid Soaring Profits

A significant transaction involving Aave (AAVE) has caught the attention of the crypto community as a major whale recently moved a substantial amount of the token to Binance, the largest cryptocurrency exchange by volume.

On-chain data reveals that the whale deposited 17,002 AAVE, valued at approximately $5.9 million, into Binance’s platform.

This particular whale had previously acquired 49,640 AAVE for $4.09 million seven months ago, when the token’s price was around $82.

After factoring in earlier trades, the whale still holds a total of 49,640 AAVE, now worth $3.91 million, having secured a profit of $13.5 million in total—reflecting a 330% return on investment.

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As of now, AAVE is priced at $328, which marks a 272% increase from its value a year ago. However, it remains 50% below its all-time peak of $666, which was achieved four years ago. During this latest cycle, AAVE reached a high of $384.

Alexander Stefanov