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Aave protocol founder made another significant move in the token market. Within the past week, he's accumulated 84,033 AAVE tokens worth approximately $12.6M at an average entry price of $176 per token. Just 7 hours ago, he added 32,660 AAVE valued at $5.15M at the $158 price level.
The buying spree reveals strong conviction despite current market conditions. However, the numbers tell a mixed story—his accumulated position is now underwater by roughly $2.2M in unrealized losses. This kind of continued accumulation at lower prices from a protocol founder often signals confidence in long-term fundamentals, though short-term volatility remains a concern for his recent entry points.