AAVE Whale Takes Substantial Loss on Heavy Sell-Off
Publication Time:2024-09-04 10:21:07
Recently, a noteworthy event has occurred in the market where a large crypto holder, believed to be an early AAVE holder and referred to as a 'whale,' executed a massive sell-off within a span of three hours. This whale made purchases totaling 17,447 AAVE on Binance platforms on March 28th and June 12th, with a total investment of approximately $4.3 million at an average cost of $246 per AAVE. However, in recent transactions, he sold all his held AAVE, unfortunately resulting in a loss of $2.14 million. This indicates that even with relatively low buy-in costs, substantial sell-offs can still lead to significant losses due to market fluctuations. This incident once again reminds market participants that investments in the cryptocurrency domain carry high risks and require cautious handling.
AAVE
Cryptocurrency
investment risk