AAVE investor whale made a profit of 12.5 million dollars in 3.5 years

2023-12-27 08:33:23

A crypto whale managed to turn his $3.6K into $500M in about 13 years. According to Lookonchain, an on-chain tracking platform, the whale began trading in 2020.

The investor, who received LEND on May 6, 2020 with a USDC of 500 thousand dollars, later converted these tokens into AAVE. The investor, who has kept his AAVE since then, sold years later.

The whale, which was selling through Cumberland tonight, disposed of 30,000 AAVE for $3 million. The whale still has 100,000 AAVE worth about $10 million.

If the whale sells these tokens, he will have converted his $500,000 into $13 million in about 3.5 years and will earn a total of 25 times. If the rise in cryptocurrencies continues, this gain could be much greater.

After May 2020, when the whale made purchases, the summer months experienced what is now known as the “summer of DeFi”, and many decentralized finance tokens such as AAVE, Compound, SNX, UNI experienced huge rises.

Published: December 27, 2023 10:59 am

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