Whales Scoop Up $7.5M in AAVE Amid Borrowing Spree
Two whales acquired 29,739 AAVE worth $7.5M today, using borrowed USDC and GHO for large-scale accumulation.
- Two wallets bought 29,739 AAVE worth $7.5 million.
- Funds were borrowed from Aave and GHO protocols.
- Whales now hold a combined $99M in AAVE.
Today, two significant crypto wallets made waves by purchasing a total of 29,739 AAVE tokens—valued at roughly $7.5 million. What’s even more notable is that both whales financed their buys using borrowed funds, showing a calculated and confident approach to accumulation.
Wallet 0x372c borrowed $5 million in USDC from the Aave protocol to purchase 19,608 AAVE approximately 11 hours ago. This whale now holds 280,673 AAVE, valued at around $69.44 million, making it one of the largest known AAVE holders.
Just a few hours later, wallet 0xeBb4 borrowed $2.5 million in GHO to purchase 10,131 AAVE, bringing its total holdings to 120,513 AAVE, worth nearly $29.8 million.
Borrowing to Buy: A Strategic Play?
These transactions are more than just big buys—they reveal a strategy. Both wallets borrowed stablecoins from decentralized lending platforms to purchase AAVE. This suggests they are leveraging their portfolios, possibly anticipating price growth or seeking governance influence within the Aave ecosystem.
The use of Aave and GHO shows how DeFi tools can enable high-leverage moves, especially by seasoned investors or institutions with deep liquidity. The fact that this much AAVE is being accumulated—even with borrowed money—may signal confidence in the token’s future value.
What It Means for AAVE Investors
This kind of whale activity often stirs interest among retail and institutional investors alike. While it doesn’t guarantee a price increase, it does reflect bullish sentiment from those capable of deploying millions in a single move.
As always, it’s important for smaller investors to exercise caution. But keeping an eye on whale wallets can offer valuable insight into broader market sentiment—especially when those wallets show a pattern of strategic, leveraged buying.
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