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Cryptocurrency News Articles
Anonymous Crypto Whale Exits Bitcoin, Doubles Down on AAVE
May 26, 2025 at 07:00 pm
An anonymous high-stakes crypto investor has caught the attention of on-chain analysts after executing a bold portfolio reshuffle—exiting a sizable Bitcoin position and doubling down on AAVE.
An anonymous high-stakes crypto investor has caught the attention of on-chain analysts with a bold portfolio reshuffle—exiting a sizable Bitcoin position and doubling down on AAVE.
The activity, flagged by blockchain researcher Yu Jin, appears to reflect a long-term strategy centered on DeFi exposure.
The latest move saw the investor transferring $15 million in USDC to algorithmic market maker Wintermute, where they proceeded to buy 57,715 AAVE tokens at an average price of around $259.90.
This comes just one day after the same wallet sold 184.4 wrapped Bitcoin (WBTC) for approximately $20.4 million via Wintermute’s over-the-counter (OTC) service.
According to data from DeBank, the wallet, which prefers to remain veiled, appears to be a long-term holder of AAVE, having previously bought 146,295 tokens at an average price of $137.50—suggesting an entry point sometime in March 2023.
Today’s purchase brings the whale’s total AAVE holdings to 224,010 tokens, currently valued at over $59 million.
At today’s price of $265 per AAVE, the investor is sitting on an unrealized profit of more than $26 million on their AAVE investment alone.
The wallet, which holds more than $59 million in total assets, shows a clear preference for AAVE and possibly decentralized finance as a whole.
The identity of the investor remains unknown, but the scale and strategy of the trades suggest an institutional player or veteran whale repositioning for long-term gains in the DeFi space.
With AAVE showing renewed strength and trading volumes climbing, market watchers are now closely tracking whether this whale continues to accumulate—or signals a larger trend among major players rotating into next-generation finance tokens.
Disclaimer:info@kdj.com
The information provided is not trading advice. kdj.com does not assume any responsibility for any investments made based on the information provided in this article. Cryptocurrencies are highly volatile and it is highly recommended that you invest with caution after thorough research!
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