Aave protocol founder made another significant move in the token market. Within the past week, he's accumulated 84,033 AAVE tokens worth approximately $12.6M at an average entry price of $176 per token. Just 7 hours ago, he added 32,660 AAVE valued at $5.15M at the $158 price level.
The buying spree reveals strong conviction despite current market conditions. However, the numbers tell a mixed story—his accumulated position is now underwater by roughly $2.2M in unrealized losses. This kind of continued accumulation at lower prices from a protocol founder often signals confidence in long-term fundamentals, though short-term volatility remains a concern for his recent entry points.
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
Aave protocol founder made another significant move in the token market. Within the past week, he's accumulated 84,033 AAVE tokens worth approximately $12.6M at an average entry price of $176 per token. Just 7 hours ago, he added 32,660 AAVE valued at $5.15M at the $158 price level.
The buying spree reveals strong conviction despite current market conditions. However, the numbers tell a mixed story—his accumulated position is now underwater by roughly $2.2M in unrealized losses. This kind of continued accumulation at lower prices from a protocol founder often signals confidence in long-term fundamentals, though short-term volatility remains a concern for his recent entry points.