There was a remarkable development in the cryptocurrency market. According to information provided by on-chain data provider SpotOnChain, a large wallet address that has been dormant for about 1.5 years has changed all altcoins. Aave (AAVE) moved its assets to the MEXC exchange. Whale transferred a total of 25 thousand 790 AAVE coins, or an amount of $ 3.38 million. If the sale is made, the whale can make a significant profit depending on the amount invested.
Whale Made a Profit with the Long-Awaited Sale
The owner of this large wallet address, called Whale, purchased 27 thousand 263 AAVE coins for a total of 2.12 million dollars between April and June 2023. Coin Buying at an average of $77.75 per whale, the whale can now sell each AAVE for $131.16.
If the whale makes the expected coin sale, it will make a net gain of $1.38 million, a profit of approximately 68.7 percent. This represents a significant gain after a long wait.
Transfer Attracted the Attention of Investors
This transfer cryptocurrency investors is followed carefully by. Because the whale made its move after approximately 1.5 years of waiting. Such large-scale transactions in the markets often create a domino effect on other investors.
While possible fluctuations on the price of AAVE are expected, such moves may create uncertainty in the market. On the other hand, some analysts state that the effects of such large transactions on the market are not permanent. Investors altcoinIt continues to closely monitor future price movements of .
According to the information provided by SpotOnChain, such transactions cryptocurrency It also plays an important role in terms of liquidity in the market. Especially large amounts of asset transfers can lead to short-term fluctuations in the price of AAVE and investor psychology in the altcoin.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that crypto currencies carry high volatility and therefore risk, and should carry out their transactions in line with their own research.
