In crypto trading, timing is everything and can be the difference between huge profits or disappointing losses. This was made quite clear recently when a crypto whale pocketed $1.8 million in profits from Aave (AAVE) trades but left a staggering $10.9 million on the table due to a poorly timed exit.<\/p>\n
The whale, identified by the wallet address \u201c0xfc0,\u201d accumulated 43,885 AAVE tokens over three months before later selling them.<\/p>\n
Blockchain data shared<\/a> by Spot on Chain shows that, between August 23 and November 27, the whale bought the tokens at an average price of $145.90 each. It means they spent about $6.4 million in the whole exercise, later staking the assets on Aave to earn rewards.<\/p>\n However, on March 20, the whale unstaked 44,765 AAVE and transferred them to Binance at $183.27 per token, earning $8.2 million and putting them $1.8 million in profit.<\/p>\n However, despite the 28% gain, the move cost the trader a much larger windfall. According to Spot on Chain, had they sold the stash at AAVE\u2019s December highs, when one token changed hands for upwards of $380, they would have realized a $10.9 million windfall.<\/p>\n Meanwhile, another large investor recently moved<\/a> 43,500 AAVE worth around $7.48 million to FalconX after being inactive for four months. On-chain data shows that this particular whale holds 67,426 coins valued at approximately $11.61 million, with total profits of $12.72 million, marking an 88.4% increase in the value of their investment.<\/p>\n Earlier in the month, AAVE\u2019s value shot up 26% to $220 after the lending platform\u2019s decentralized autonomous organization (DAO) announced<\/a> a proposal to redistribute net excess revenue to the ecosystem\u2019s key contributors.<\/p>\n However, the token has shed off much of the gains made at that time, with its current price standing at $177.91. While it is up 4.1% in the last 24 hours, it remains almost 30% lower than it was a month ago.<\/p>\n In addition, even though AAVE has climbed 4.2% in the last seven days, it has been underwhelming compared to the rest of the crypto market, which has gained 6% in that period.<\/p>\n Looking at exchange activity, Binance has led AAVE trading, handling more than 11% of its volume in the previous 24 hours, amounting to $44.27 million.<\/p>\n Compared to its all-time high of $661.69 achieved in May 2021, the asset is still 73.1% below its peak. In contrast, its price right now is a 583.4% improvement on its all-time low, set five years ago.<\/p>\n The post AAVE Whale Nets $1.8M Profit but Loses $10.9M to Market Timing Blunder<\/a> appeared first on CryptoPotato<\/a>.<\/p>","protected":false},"excerpt":{"rendered":" In crypto trading, timing is everything and can be the difference between huge profits or disappointing losses. This was made quite clear recently when a crypto whale pocketed $1.8 million in profits from Aave (AAVE) trades but left a staggering $10.9 million on the table due to a poorly timed exit. The whale, identified by […]<\/p>\n","protected":false},"author":0,"featured_media":53352,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-53351","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/53351"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=53351"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/53351\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/53352"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=53351"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=53351"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=53351"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}AAVE Price Performance<\/h2>\n