AVE Ballenas Nets $ 1.8 million of profits but loses $ 10.9 million due to market time error

In the encryption trade, time is everything and it can be the difference between great profits or disappointing losses. This was made quite clear recently when a cryptographic whale pocketed $ 1.8 million in earnings of Aave (AAVE) trades, but left the amazing amount of $ 10.9 million at the table due to a badly timed output.

The whale, identified by the direction of the “0xFC0” wallet, accumulated 43,885 tokens to anave for three months before selling them.

An expensive error in time

Blockchain data shared In Spot in the chain it shows that, between August 23 and November 27, the whale bought the chips at an average price of $ 145.90 each. It means that they spent around $ 6.4 million throughout the year, then reaching assets in AAVE to earn rewards.

However, on March 20, the whale without roughness 44,765 AAVE and transferred them to Binance to $ 183.27 per Token, winning $ 8.2 million and putting $ 1.8 million in earnings.

However, despite the gain of 28%, the measure cost the merchant a much greater unexpected gain. According to Spot On Chain, if they had sold the stash in the maximum of December Aave, when a file changed hands for more than $ 380, they would have realized an unexpected gain of $ 10.9 million.

Meanwhile, another great investor recently excited 43,500 AAVE for a value of around $ 7.48 million for Falconx after being inactive for four months. The data in the chain show that this particular whale has 67,426 currencies valued at approximately $ 11.61 million, with total earnings of $ 12.72 million, marking an increase of 88.4% in the value of its investment.

AAVE PERFORMANCE PRICE

At the beginning of the month, the AAVE value increased by 26% to $ 220 after the Decentralized Autonomous Organization of the Loan Platform (DAO) announced a proposal to redistribute excess net income to the key taxpayers of the ecosystem.

However, the Token has eliminated much of the profits obtained at that time, with its current price at $ 177.91. Although 4.1% has increased in the last 24 hours, it remains almost 30% lower than a month ago.

In addition, although AVE has risen 4.2% in the last seven days, it has been disappointing compared to the rest of the cryptography market, which has won 6% in that period.

When observing the exchange activity, Binance has led the Aave trade, handling more than 11% of its volume in the previous 24 hours, worth $ 44.27 million.

Compared to its historical maximum of $ 661,69 reached in May 2021, the asset remains 73.1% below its peak. In contrast, its price at this time is an improvement of 583.4% in its historical minimum, established five years ago.