A crypto whale has gained a significant attention with continuous deposits of AAVE to the crypto exchange FalconX.

As per Spot On Chain, the crypto whale is continuously depositing huge amounts of AAVE to FalconX, with profit nearing up to $12.7M.

A crypto whale has been making massive deposits of AAVE to the crypto exchange, FalconX, according to on-chain analytics platform, Spot On Chain.

The crypto whale has been continuously depositing huge amounts of AAVE to FalconX with profit nearing up to $12.7M.

The whale deposited 30,001 AAVE to FalconX at an average price of $170.13 for a total of $5.01M.

This follows another transaction that saw the whale deposit 43,500 AAVE to the exchange for $7.48M.

After returning from 4 months of inactivity on March 19, the whale has deposited 73,501 AAVE to FalconX at an average price of $170.13, for a total of $12.51M.

The whale still has 37,425 AAVE, which is currently worth about $6.23M. So far, the whale has made a profit of $12.46M from their AAVE trades, which is an increase of 87%.

The crypto whale’s strategy with AAVE has been very profitable, and they seem to be aiming for even higher gains.

However, despite these large-scale deposits, the crypto whale still holds a significant amount of AAVE. The latest statistics indicate that the whale retains 37,425 AAVE tokens, which translates to nearly $6.23M at current market values.

Moreover, the whale’s cumulative profit has reached an impressive $12.46M, showcasing a staggering 87% surge.

These figures align perfectly with the crypto whale’s strategy, which has been to sell portions of their AAVE holdings at a profit, aiming for even greater gains in the cryptocurrency market.

The crypto whale has been slowly selling off their AAVE in batches over the past few months, and they are still showing no signs of stopping.

It will be interesting to see how long the crypto whale can keep up this strategy and how high they can push the price of AAVE.

However, with the crypto market being as volatile as it is, anything can happen.

Aave is a decentralized lending and borrowing protocol that enables users to earn interest on their crypto assets or borrow crypto assets with low interest rates.

The Aave protocol is powered by the AAVE token, which is used for governance and voting on proposals that affect the protocol.

Aave is one of the largest and most popular DeFi protocols, with over $10 billion in total value locked (TVL). The protocol has been running smoothly for over three years and has paid out over $150 million in interest to lenders.

Aave is a versatile protocol that can be used by a variety of users, including institutions, hedge funds, and retail investors. The protocol is also being integrated into other DeFi protocols and Web3 applications.

As Aave continues to grow and evolve, it is sure to play an even greater role in the future of decentralized finance.