An AAVE Whale Holds 120,000 AAVE in a Loop Loan, with an Unrealized Profit of Nearly $7 Million

According to a report by Jinse Finance, monitored by analyst Yu Jin, a certain AAVE believer has been persistently rolling over positions to purchase AAVE, continuing to invest even after experiencing partial liquidation in early April. This whale has borrowed an additional $7.22 million since the end of April to purchase 31,000 AAVE at an average price of $231.9. Currently, he holds approximately 120,000 AAVE (worth $29.78 million) through a strategy of rolling over positions with revolving loans, with an average cost of $189 and an unrealized profit of about $6.98 million. If the price of AAVE falls to $161.5, his position will face liquidation risk.