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

With over 8 years of experience in the cryptocurrency and blockchain industry, Alexander is a seasoned content creator and market analyst dedicated to making digital assets more accessible and understandable. He specializes in breaking down complex crypto trends, analyzing market movements, and producing insightful content aimed at educating both newcomers and seasoned investors. Alexander has built a reputation for delivering timely and accurate analysis, while keeping a close eye on regulatory developments, emerging technologies, and macroeconomic trends that shape the future of digital finance. His work is rooted in a passion for innovation and a firm belief that widespread education is key to accelerating global crypto adoption.