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<p>Whales have started to <a href="https://blockchainreporter.net/bitcoin-whale-buys-545-btc-worth-30-82m-utilizing-price-dip/" rel="noopener noreferrer nofollow">accumulate</a> crypto with full force after the start of September. A major cryptocurrency investor has recently made a substantial move in the crypto market. According to data from Lookonchain, the whale purchased 50,604 $AAVE, amounting to about $6.78 million, just a few hours ago. As a result of this latest purchase, this whale now owns 125,605 tokens of $AAVE which are worth around $16.9 million.</p><h2 id="header-0">$AAVE Purchase at $135 per Token Signals Whale’s Continued Confidence</h2><p>At the moment, the average price for these tokens stands at about $134.6 per token. This move shows the whale’s long-term bullish posture in $AAVE and demonstrates confidence in its performance over the long term.</p><p>Buying activity of the whale occurred after a significant trade of its holdings on August 22. Within that day, the whale exchanged 4000 $stETH equivalent to $10.4 million to 77270 $AAVE tokens. The price at which $AAVE was purchased at that time was around $135 per token, which also shows the same level of confidence in the cryptocurrency.</p><h2 id="header-1">Big Transactions Reveal Crypto Whale’s Positive Outlook on $AAVE</h2><p>These big transactions indicate that the whale is gradually accumulating a massive stake in $AAVE. Another interesting signal can be large purchases which can indicate high confidence in the asset’s further appreciation as well as popularity in the DeFi segment.</p><p>Lastly, it is possible to conclude based on the <a href="https://lookonchain.com/" rel="noopener noreferrer nofollow">Lookonchain</a> data that the whale has been making significant investments in $AAVE, which indicates its confidence in the asset. Huge buys in the past few weeks having a large position in $AAVE indicates a firm focus on the DeFi space. While these large transactions persist, they may influence market trends and paint the picture of a positive outlook for $AAVE.</p>

Crypto Whale Accumulates 50,604 $AAVE in Latest $6.78M Purchase

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