On August 20, significant activity in the AAVE market was reported, with two cryptocurrency whales making substantial purchases totalling $3.92 million.

One of the addresses, "0x3737," known for previously making over $28 million in profits from PEPE, spent 813 ETH (approximately $2.18 million) to acquire 17,690 AAVE tokens for $123 each.

In addition, another whale, identified by the address "0x1D15," withdrew 13,717 AAVE tokens worth $1.73 million from Binance just an hour ago. This address now holds a total of 19,373 AAVE, valued at $2.45 million.