According to cryptocurrency onchain data, a major cryptocurrency whale continues to sell large amounts of altcoins.
According to data provided by Spot On Chain, a crypto whale transferred 30,001 Aave (AAVE) tokens worth approximately $5 million to a centralized cryptocurrency exchange. The whale made over $12 million in profit from this AAVE position.
After a four-month dormancy, the whale wallet returned to the market on March 19, transferring 73,501 AAVE tokens worth $12.51 million to one of the centralized cryptocurrency exchanges. At the time of this transfer, the AAVE price was at an average of $170.13. At the time of writing, the AAVE price is trading at around $167.
However, the whale wallet did not completely dump its AAVE tokens. Onchain data shows that the crypto whale still has 37,425 AAVE in his wallet, worth $6.23 million.
The giant whale has made a total profit of $12.46 million, or 87%, from this position so far.
*This is not investment advice.
