🔄 Whale Reloads AAVE After Crash, Now Holding 333,000 Tokens via Leveraged Lending
On-chain watch from Ember shows a whale, previously liquidated in the October AAVE crash, is back in action:
📉 On Oct 11, the whale was liquidated: 32,000 $AAVE at $101.
📅 On Nov 24, it resumed revolving lending, spending $14M $USDC to buy 80,900 AAVE at an average price of $173.
🔒 Today, the whale holds 333,000 AAVE (roughly $62.6M), built through leveraged funding; cost basis sits at $167, with liquidation at $117.70.
This isn't a small bet; rather, a full-on leveraged re-accumulation, using debt to double down after a major drawdown.
Whether this reflects bold conviction or reckless risk remains to be seen. #CryptoMarket #WhaleWatch
