Whale 0x7915 Purchases 60,000 AAVE, Total Holdings Reach $59.93 Million

Whale 0x7915 Purchases 60,000 AAVE, Total Holdings Reach $59.93 Million

A whale identified as 0x7915 has increased its AAVE holdings to 338,000 tokens, purchasing $10.68 million worth in a recent OTC deal with Galaxy Digital.

AAVE

Fact Check
The statement is assessed as 'likely true' with high confidence. The evidence strongly supports the core claims, particularly the incurrence of a significant loss.Two of the most authoritative sources provided—Lookonchain, an on-chain analysis platform, and ChainCatcher, a crypto news outlet—independently corroborate that Multicoin Capital's AAVE position has an unrealized loss of $13.9 million. This figure is extremely close to the $13.5 million mentioned in the user's statement. The minor discrepancy ($400,000) is negligible in this context and can easily be attributed to different reporting times, minor price fluctuations in the AAVE token, or slight variations in calculation methods. The fundamental claim of a multi-million dollar loss is consistently and credibly supported.While none of the provided source summaries explicitly state the total acquisition cost was $60.46 million, this figure is highly plausible. In order for the on-chain analysts (cited by the sources) to calculate a specific unrealized loss, they must have first determined the total cost basis of the position. Therefore, the acquisition cost is an implicit and necessary component of the loss calculation that is explicitly reported. The absence of this specific number in the summaries does not invalidate the claim, especially when the resulting loss figure is so well-supported.There are no contradictions among the sources; they either support the claim or lack the specific details to comment on it. The consistency across multiple credible secondary sources that cite primary on-chain data provides a strong foundation for the statement's truthfulness.
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Summary

A whale wallet, 0x7915, has acquired 60,000 AAVE worth $10.68 million through Galaxy Digital’s OTC services. Since October 13, the wallet has purchased a total of 338,000 AAVE tokens, valued at $59.93 million, resulting in unrealized losses of $13.8 million, with an average acquisition price of $218 per token.

Terms & Concepts
  • AAVE: A decentralized finance (DeFi) protocol for cryptocurrency lending and borrowing.
  • Galaxy Digital: A financial services firm focused on digital assets and blockchain technology.