TechFlow, on November 24, according to on-chain analyst Ember (@EmberCN), a major AAVE whale purchased 24,000 AAVE tokens worth $4 million today. This whale had previously seen part of their position liquidated during the market crash on October 11.
Data shows that the whale accumulated 284,000 AAVE tokens over the past two years through leveraged looping, with an average cost of $165. The market drop on October 11 led to the liquidation of 32,000 AAVE tokens at $101, resulting in a loss of $3.22 million. After this latest buyback, the whale now holds 276,000 AAVE tokens, maintaining an average cost of $165.
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