A whale transferred the last 100,000 AAVE in the address to Binance
Blockchain analyst Yu Jin wrote that half an hour ago, a whale transferred the last 100,000 AAVE ($8.36 million) in the address to Binance. This whale has transferred a total of 363,995 AAVE ($30.9 million) to Binance in a day and a half. This is likely the reason for AAVE's recent poor price performance. The AAVE was withdrawn by the whale from Binance in November 2023 at an average price of $98.8. However, the current price of AAVE is $83, which means that the whale's AAVE investment may have lost up to $5.05 million (-14%).
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
The Scoop: Anti-crypto bias may have cost Democrats the election
A growing base of single-issue crypto voters have become frustrated by Democrats’ general opposition to the industry.This column is adapted from The Scoop newsletter.
Manhattan prosecutors plan to scale back crypto cases
USDC Treasury destroys 50 million USDC on the Ethereum chain