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Whale Address Withdraws $7.89 Million Worth of AAVE From Exchange

According to The Data Nerd, the wallet 0xF43 now holds over 117,000 AAVE valued at approximately $36.82 million, with an average entry price of $316.

AAVE

Summary

A whale address beginning with 0xF43 withdrew 25,100 AAVE, worth about $7.89 million, from a centralized exchange, according to The Data Nerd. The wallet’s total holdings now stand at 117,046 AAVE, valued at approximately $36.82 million. The average entry price for the position is around $316.

Terms & Concepts
  • Whale: A term used in crypto markets to describe an individual or entity holding large amounts of a digital asset, capable of influencing market movements.
  • AAVE: A decentralized finance (DeFi) protocol token used for lending and borrowing cryptocurrencies on the Aave platform.
  • Centralized Exchange (CEX): A cryptocurrency trading platform operated by a centralized entity where users deposit funds and trade under the exchange’s custody.