#On-chain whales cash out AAVE, netting millions of dollars.#

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Hot Topic Overview

Overview

Recently, on-chain whale "osushidaisuki.eth" cashed out 7,873.7 AAVE in 15 minutes, exchanging them for 2.475 million USDC, making a profit of $1.73 million, with a profit margin of 234%. The whale withdrew 7740.5 AAVE from Bybit on August 12th, when the price of AAVE was only $95.7, and sold it at $314.3 just 15 minutes ago, realizing a huge profit. This event has attracted market attention and reflects the recent price fluctuations and market sentiment changes of AAVE.

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Analysis

Recently, the on-chain whale "osushidaisuki.eth" cashed out AAVE in 15 minutes, earning a profit of $1.73 million, attracting market attention. The whale withdrew 7740.5 AAVE from Bybit on August 12, when the price of AAVE was only $95.7, with a total value of about $740,000. Subsequently, the whale sold all of these AAVE at a price of $314.3 15 minutes ago, exchanging them for 2.475 million USDC, achieving a profit of 234%. This cash-out behavior shows the whale's accurate judgment of the price trend of AAVE, and also reflects the market's short-term optimism about AAVE. However, this cash-out behavior has also raised concerns about the future trend of AAVE prices in the market, with some investors worried that it may signal an impending correction in AAVE prices.

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Classic Views

AAVE price surged significantly, on-chain whales profited handsomely

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Whales withdrew AAVE from Bybit and sold it at a high price on-chain, earning 234%

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Whale cash-out behavior may have some impact on AAVE price

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On-chain analysts are closely monitoring whale movements to predict market trends

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