TechFlow reports, on October 14, according to on-chain analyst Yujin's monitoring, a whale has purchased 45,377 AAVE (worth $6.92 million) at an average price of $152.50 over the past 30 hours using a looping loan strategy. The whale deposited AAAVE as collateral to borrow stablecoins, transferred them to Coinbase to purchase more AAAVE, then withdrew it back to their address to re-collateralize and borrow additional AAVE. Over the past 30 hours, they borrowed 6.92 million stablecoins which were moved to Coinbase and used to buy 45,377 AAVE.
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