Anonymous Major Institutional Investor Quietly Purchases Large Amount of Surprise Altcoin

According to on-chain data analyst Yu Jin, an unidentified whale or institutional investor purchased $15 million worth of AAVE tokens through algorithmic market maker Wintermute today. The investor in question first transferred 15 million USDC to Wintermute, then received 57,715 AAVE tokens into his wallet, representing a purchase price of approximately $259.9 per unit. Interestingly, the same investor sold 184.4 WBTC for approximately $20.4 million via Wintermute’s OTC (over-the-counter) service yesterday. Related News: Previously Accurate Bitcoin Predictor Josh Mandell Shares New BTC Price Prediction: “It Will First Surge Here, Then Drop by 84%” According to the data, the whale has been accumulating AAVE since March 2023. So far, he has spent a total of $30.8 million to purchase 224,010 AAVE. With an average purchase price of $137.5, the investor has an unrealized profit of approximately $26.32 million at current market values. At the time of writing, AAVE is trading at $265. The whale’s wallet contains a total of $59.14 million in assets. *This is not investment advice. Continue Reading: Anonymous Major Institutional Investor Quietly Purchases Large Amount of Surprise Altcoin

Source: BitcoinSistemi