Whale Leverages AAVE for $9.22 Million Profit

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Whale Leverages AAVE for $9.22 Million Profit | Flash News Detail | Blockchain.News

12/11/2024 3:04:23 AM

According to EmberCN, a whale has leveraged a looped loan strategy to long AAVE and has recently borrowed an additional $3 million USDT to purchase 11,605 AAVE at a price of $258 each. This strategy has resulted in a floating profit of $9.22 million. Since October, the whale has borrowed a total of $8.83 million through looped loans to acquire 87,454 AAVE at an average price of $166. The current price of AAVE has risen to $270. (Source)

Aave whale USDT looped loan