Whale With $15.3M Profit Expands $AAVE Long Position Amid Price Dip

2024-12-22 16:14

A high-profile crypto whale, already sitting on an impressive unrealized profit of $15.31 million, is doubling down on their $AAVE long position despite a recent price drop.

Over the past 8 hours, this investor borrowed 3 million $GHO and used $3.18 million worth of $GHO and $WBTC to purchase an additional 9,702 $AAVE tokens.

A whale with a $15.3M profit continues to expand its $AAVE long position after the price dropped today!

In the past 8 hours, the whale borrowed 3M $GHO and spent $3.18M (in $GHO and $WBTC) to buy 9,702 $AAVE.

Since October 13, the whale has purchased 96,800 $AAVE at an average… pic.twitter.com/9otB6zRlTC

— Spot On Chain (@spotonchain) December 19, 2024

Since October 13, the whale has amassed a total of 96,800 $AAVE tokens at an average cost of $183.4, representing a $17.8 million investment. With $AAVE currently trading significantly higher, their position has soared by 86.2% in unrealized gains. This aggressive strategy demonstrates the whale’s strong confidence in $AAVE’s potential, even amid market fluctuations.

Top 10 Dapps by TVL: 2021 vs. 2024

Back in December 2021, DeFi reached its peak Total Value Locked (TVL), marking an all-time high. While today’s TVL remains near those historic levels, the landscape of top decentralized applications (dapps) has evolved significantly.

Protocols such as @Aave, @LidoFinance, and @Uniswap continue to dominate the space, maintaining their leadership positions. However, the rise of restaking protocols is reshaping the market, capturing an increasing share of liquidity. Capital within the DeFi ecosystem is now becoming more concentrated among leading protocols, signaling a maturing market dynamic.

Top 10 Dapps By TVL in 2021/2024

In Dec 2021, DeFi TVL reached its ATH. Today, the total value locked remains close to peak levels, but the list of dapps has changed notably. @aave, @LidoFinance, and @Uniswap continue to dominate, while restaking protocols are capturing a… pic.twitter.com/XOuctqBrsV

— CryptoRank.io (@CryptoRank_io) December 19, 2024

This shift highlights the ongoing innovation in the DeFi sector and the growing importance of top-tier platforms in securing user trust and liquidity. The changing roster of dominant dapps underscores the competitive and ever-evolving nature of decentralized finance.

Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services.

Follow us on Twitter @nulltxnews to stay updated with the latest Crypto, NFT, AI, Cybersecurity, Distributed Computing, and Metaverse news!

Image Source: peshkova/123RF // Image Effects by Colorcinch

Similar to Notcoin - Blum - Airdrops In 2024

origin »

Profit Hunters Coin (PHC) на Currencies.ru

$ 0 (+0.00%)
Объем 24H $0
Изменеия 24h: 0.00 %, 7d: 0.00 %
Cегодня L: $0 - H: $0
Капитализация $0 Rank 99999
Доступно / Всего 0 PHC

million price whale position long gho profit

million price → Результатов: 126


As ApeCoin (APE) Loses Investors, InQubeta (QUBE) Presale Soars with over $1.7M Raised

The InQubeta (QUBE) presale remains one of the hottest opportunities in the cryptocurrency sphere right now, with over $1.7 million raised during the early stages of its presale. Investors who join the action now can still 3x their investments by the time the event ends thanks to the progressive price changes at each of the […]

2023-7-25 00:19


Фото:

Bitcoin sees first outflows in a month as Ethereum, XRP enjoy investors’ confidence

Digital assets investment products recorded $6.5 million in outflows this week after four consecutive weeks of inflows totaling $742 million, Coinshares reported on July 24. This week’s outflows break the longest streak of inflows since late 2021, coinciding with the recent market downturn that saw Bitcoin’s (BTC) price dump to its lowest value since June […] The post Bitcoin sees first outflows in a month as Ethereum, XRP enjoy investors’ confidence appeared first on CryptoSlate.

2023-7-24 19:10