On 10/11, a large whale engaged in recursive lending was liquidated for 32,000 $101 at the price of $AAVE during the crash. Starting from 11/24, they continued to use recursive lending to purchase AAVE. In just half a month, they have spent 14 million USDC to buy 80,900 AAVE at an average price of $173. Currently, through recursive lending, they hold a total of 333,000 AAVE ($6259 10,000) with an average cost of $167. The liquidation price is at $117.7.