A certain cyclical loan went long on AAVE, and a Whale sold 70,000 AAVE today to pay off all the borrowings and offload the leverage.

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PANews, October 17 news, according to on-chain analyst Yu Jin's monitoring, the cycle loan Whale who nearly got liquidated when AAVE fell below $120 in April has chosen to sell 70,000 AAVE ($15.62 million) today to pay off all loans and unload leverage.

He withdrew 70,000 AAVE from Aave in the past 4 hours and sold it at an average price of $223, converting it to 15.62 million USDC, and then repaid the loan on Aave. After repaying the loan, he only holds 21,000 AAVE (4.8 million USD). In April, he cut a portion of his AAVE around 120 dollars to prevent his AAVE position from being liquidated.

AAVE-8.53%
USDC0.02%
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GateUser-5d6e02f9vip
· 4h ago
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