AAVE whale made 12.5 million dollars profit in 3.5 years

The surge in cryptocurrencies is helping early investors make big gains in the long run. A whale who bought $500,000 worth of AAVE in 2020 ended up with $13 million in assets. The whale sold $3 million and has already multiplied the original investment sum.

AAVE whale made 12.5 million dollars profit in 3.5 years

A crypto whale managed to turn $500,000 into $13 million in about 3.6 years. According to Lookonchain, an on-chain tracking platform, the whale started trading in 2020.

The investor, who bought LEND on May 6, 2020 with $500,000 USDC, later converted these tokens into AAVE. The investor, who has held his AAVEs since then, sold them years later.

Today, the whale sold 30,000 AAVEs through Cumberland for $3 million. The whale still has 100,000 AAVEs worth about $10 million.

If the whale sells these tokens, it will turn its $500,000 into $13 million in about 3.5 years, for a total gain of 25 fold. If the uptrend in cryptocurrencies continues, this gain could be much higher.

After May 2020, when the whale purchased, there was a period known today as the “DeFi summer” in the summer months, and many DeFi tokens such as AAVE, Compound, SNX, UNI experienced huge rallies.

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