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<ul><li>Early AAVE investor sells 12,500 tokens at a loss and repurchases after significant market value change.</li><li>Initial $2M worth withdrawal contrasts with recent re-entry, resulting in an estimated $1.3M loss.</li><li>The incident underscores the importance of long-term perspective amid market volatility.</li></ul>In a surprising turn of events, an early investor in the cryptocurrency AAVE experienced a significant setback as they offloaded a staggering 12,500 AAVE tokens, valued at $697,000, bought during the years 2020 and 2021. The digital assets were sold at a loss, sending shockwaves through the crypto community.Lookonchain, a crypto market observer, shared an intriguing tweet about the significant loss incurred by the early holder of AAVE tokens:<img src="https://academy-public.coinmarketcap.com/srd-optimized-uploads/f7672eec76b843b09646831cb602336b.png">The investor, who remains unidentified, had previously withdrawn 12,612 AAVE tokens, valued at approximately $2 million during that time frame, from the renowned exchange platform Binance. These tokens were withdrawn at an average price of $159, indicative of their substantial gains at that point.Curiously, after over a year of holding, the same individual deposited their tokens back onto Binance merely 16 hours before the recent market turmoil. This time, however, they faced a stark contrast in fortunes, with their re-entry resulting in a loss estimated to be around $1.3 million.Currently, <a href="https://coinmarketcap.com/currencies/aave/" rel="noopener noreferrer nofollow">AAVE </a>is valued at $55.05 with a 24-hour trading volume of $64,832,500. AAVE has recently seen a 4.06% dip in its value over the past 24 hours. Currently,&nbsp; AAVE is placed at a noteworthy 44th rank on the CoinMarketCap. The cryptocurrency's market cap is $799,374,225, supported by a circulating supply of 14,521,811 AAVE coins out of a maximum of 16,000,000 AAVE coins.-Read full article at <a href="https://cryptotale.org/early-aave-investor-faces-substantial-losses-after-massive-sell-off-and-re-entry/" rel="noopener noreferrer nofollow">CryptoTale.</a>

Early AAVE Investor Faces Substantial Losses After Massive Sell-off and Re-entry

CryptoTale

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