An Unknown Large Institutional Investor Quietly Bought a Significant Amount from a Surprise Altcoin!

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According to the information provided by on-chain data analyst Yu Jin, an unidentified whale or institutional investor bought AAVE tokens worth 15 million dollars today through the algorithmic market maker Wintermute.

The investor in question first transferred 15 million USDC to Wintermute, then received 57,715 AAVE tokens into their wallet. This transaction indicates a purchase price of approximately $259.9 per unit.

Interestingly, the same investor had made a sale of approximately 20.4 million dollars for 184.4 WBTC through Wintermute's OTC ( over-the-counter ) service yesterday.

According to the data, the whale has been accumulating AAVE since March 2023. So far, it has purchased 224,010 AAVE by spending a total of 30.8 million dollars. The investor, whose average purchase price is 137.5 dollars, has an unrealized profit of approximately 26.32 million dollars with the current market values.

At the time this article is written, the AAVE price is trading at 265 dollars.

The whale's wallet contains a total of 59.14 million dollars in assets.

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