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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
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