Growth Points Round 1️⃣ 1️⃣ Summer Lucky Grand Draw is on fire!
Draw now for your chance to win an iPhone 16 Pro Max and exclusive merch!
👉 https://www.gate.com/activities/pointprize?now_period=11
🎁 100% win rate! Complete simple tasks like posting, liking, commenting in Gate Post to enter the draw.
iPhone 16 Pro Max 512G, Gate hoodies, Sportswear, popular tokens, Futures Vouchers await you!
Collect just 2 fragments to easily redeem Gate merch—take your rewards home!
Ends on June 4th, 16:00 UTC. Try your luck now!
More info: https://www.gate.com/announcements/article/45185
An Unknown Large Institutional Investor Quietly Bought a Significant Amount from a Surprise Altcoin!
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.