Whale Realizes $3.22M Profit from AAVE, Holds $7.01M in Unrealized Gains
According to @OnchainDataNerd, a whale deposited 19,000 AAVE worth approximately $6.48M into Binance 14 hours ago. This whale had accumulated 39,470 AAVE at an average entry price of $82.44 seven months ago, resulting in a realized profit of around $3.22M. The whale currently holds 20,470 AAVE, representing unrealized profits of about $7.01M. Additionally, the whale sold 2,561 MKR at a loss of approximately $1.3M.
SourceAnalysis
Fourteen hours ago, a significant transaction was recorded where a whale, identified by the address 0x97d, deposited 19,000 AAVE tokens into Binance. This deposit was valued at approximately $6.48 million at the time of transfer on January 6, 2025 [@OnchainDataNerd].
This whale's trading strategy involved an accumulation of 39,470 AAVE tokens seven months prior, at an average entry price of $82.44. The sale of 19,000 AAVE tokens resulted in a realized profit of approximately $3.22 million, calculated from the difference between the average entry price and the selling price [@OnchainDataNerd]. Despite this sale, the whale still holds 20,470 AAVE tokens, which are currently valued at about $7.01 million, representing an unrealized profit [@OnchainDataNerd].
In addition to AAVE, the whale also engaged in trading MKR. Seven months ago, the whale accumulated 2,561 MKR, which were sold at a loss of approximately $1.3 million. This indicates a diversified trading approach, although the MKR trade was less successful [@OnchainDataNerd]. The whale's continued holding of AAVE suggests a long-term bullish outlook on the token, despite recent profit-taking activities.
This whale's trading strategy involved an accumulation of 39,470 AAVE tokens seven months prior, at an average entry price of $82.44. The sale of 19,000 AAVE tokens resulted in a realized profit of approximately $3.22 million, calculated from the difference between the average entry price and the selling price [@OnchainDataNerd]. Despite this sale, the whale still holds 20,470 AAVE tokens, which are currently valued at about $7.01 million, representing an unrealized profit [@OnchainDataNerd].
In addition to AAVE, the whale also engaged in trading MKR. Seven months ago, the whale accumulated 2,561 MKR, which were sold at a loss of approximately $1.3 million. This indicates a diversified trading approach, although the MKR trade was less successful [@OnchainDataNerd]. The whale's continued holding of AAVE suggests a long-term bullish outlook on the token, despite recent profit-taking activities.
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