Fourteen hours ago, a whale identified by the address 0x97d deposited 19,000 AAVE tokens into Binance, valued at approximately $6.48 million at the time of deposit (@OnchainDataNerd, January 6, 2025). This action was part of a broader strategy that included an initial accumulation of 39,470 AAVE tokens seven months prior at an average entry price of $82.44, as reported by @OnchainDataNerd. The whale's realized profit from this trade amounts to approximately $3.22 million (@OnchainDataNerd, January 6, 2025).

The trading implications of this whale's move are significant. The deposit of 19,000 AAVE into Binance could potentially signal a market sell-off, although no immediate price impact was observed following the deposit (@OnchainDataNerd, January 6, 2025). The whale's decision to hold onto 20,470 AAVE, with an unrealized profit of about $7.01 million, suggests confidence in AAVE's future value (@OnchainDataNerd, January 6, 2025). Additionally, the whale's strategy involved selling 2,561 MKR tokens at a loss of approximately $1.3 million, indicating a possible rebalancing of their portfolio (@OnchainDataNerd, January 6, 2025).

Technical indicators and volume data further illuminate the whale's trading strategy. The average entry price of $82.44 for AAVE seven months ago contrasts with the current market price, indicating a significant appreciation in value (@OnchainDataNerd, January 6, 2025). The trading volume of AAVE on Binance during the time of the whale's deposit was reported at 15,000 AAVE, which did not significantly alter the market depth (@OnchainDataNerd, January 6, 2025). On-chain metrics show that the whale's address still holds a substantial amount of AAVE, suggesting a long-term investment strategy rather than short-term speculation (@OnchainDataNerd, January 6, 2025).