In the wild world of crypto, timing isn’t just important—it's everything! A recent tale of a crypto whale offers a valuable lesson in this. Imagine snagging a cool $1.8 million in profits from trading Aave (AAVE) and still feeling like you missed the jackpot. That's exactly what happened when this whale, linked to the wallet “0xfc0,” made what seemed like a profitable move but left a whopping $10.9 million on the table due to a mistimed exit.
This whale collected 43,885 AAVE tokens over three months, snapping them up at an average price of $145.90 each—talk about a shopping spree! They spent about $6.4 million in total and even staked these tokens on Aave to rake in some rewards. But here’s where the plot thickens: on March 20, just like in a dramatic movie twist, they unstaked 44,765 AAVE and transferred them to Binance for $183.27 each. This move pocketed them $8.2 million, which sounds like a win, right? It was, with a $1.8 million profit. But here’s the kicker—if they had sold when AAVE was at its December highs of over $380, they could have pocketed an extra $10.9 million. Ouch!
Meanwhile, another big player in the crypto sea moved a hefty 43,500 AAVE worth about $7.48 million to FalconX after a four-month hiatus. This whale seems to have the Midas touch, holding 67,426 coins valued around $11.61 million, enjoying a sweet 88.4% increase in their investment value!
Earlier this month, AAVE’s value rocketed 26% to $220 after a proposal to reward the ecosystem’s key contributors was announced. But the rollercoaster ride didn’t stop there—the token dropped back down to $177.91, still a bit of an adrenaline rush with a 4.1% increase in the last 24 hours, but almost 30% lower than a month ago.
AAVE’s recent performance is like the kid who did well but not quite good enough compared to the rest of the crypto class, which surged 6% in the past week. Binance has been the hot spot for AAVE trading, leading with over 11% of its volume in the last 24 hours.
Remember, compared to its all-time high of $661.69 back in May 2021, AAVE is still catching its breath, down 73.1%. Yet, it’s also a story of overcoming odds, standing 583.4% above its rock-bottom price from five years ago. In the ever-thrilling world of crypto, every rise and fall is part of the adventure!
