According to ChainCatcher, according to Ember’s monitoring, in the past two days, a whale spent a total of $9.29 million to purchase 60,623 AAVE through revolving loans, with an average price of $153.2.
Specifically, the whale borrowed $4.7 million through the Aave platform to purchase AAVE. This operation has attracted widespread attention in the market, especially in terms of AAVE’s price and market capitalization ranking.
Revolving loans are a way of using lending platforms to circulate funds. This whale’s operation shows its strong confidence in AAVE, and also brings new trends and analysis opportunities to the market.