A whale who previously used a looping loan strategy to go long on AAVE sold 70,000 AAVE today to repay all loans and unwind leverage.
BlockBeats News, on October 17, according to on-chain data analyst Ember’s monitoring, the whale who previously almost got liquidated in April when AAVE dropped below $120 during a leveraged long position, has today chosen to sell 70,000 AAVE (approximately $15.62 million) to repay all loans and remove leverage.
In the past four hours, he withdrew 70,000 AAVE from Aave and sold them at an average price of $223, exchanging them for $15.62 million USDC to repay his loans on Aave. After repaying the loans, he now holds only 21,000 AAVE (approximately $4.8 million).
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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