Whale Wallet Withdraws $7.9M in AAVE, Totaling $53.65M This Week

Blockchain tracker Arkhan reports a newly created wallet pulled 50,000 AAVE and 15 ETH from Kraken, raising total whale withdrawals this week to over $68 million.

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Summary

A newly created wallet withdrew 50,000 AAVE worth $15.07 million and 15 ETH valued at $64,700 from Kraken, according to Arkhan. Combined with earlier activity, whale withdrawals now total 217,451 AAVE this week, valued at approximately $68.72 million. The moves highlight continued large-scale accumulation of AAVE by major holders.

Terms & Concepts
  • Whale Wallet: A cryptocurrency wallet holding large amounts of digital assets, capable of influencing market movements with significant transactions.
  • AAVE: A decentralized finance (DeFi) protocol and governance token used for lending and borrowing cryptocurrencies.
  • On-chain Data: Information directly recorded on a blockchain, used to track transactions and wallet activities in real time.