A whale has purchased 45,377 AAVE through a revolving loan in the last 30 hours, worth approximately $6.92 million

Chain analyst Yu Jing monitored that a whale bought 45,377 AAVE (worth $6.92 million) through cycle lending in the last 30 hours at an average price of $152.5 per AAVE. He borrowed stablecoins by collateralizing AAAVE, then transferred them to CEX to buy AAAVE and brought it back to his address for further borrowing against AAVE. In the past 30 hours, he borrowed 6.92 million stablecoins and transferred them into CEX to purchase 45,377 AAVE.