AAVE when Net profit $ 1.8 million, but it loses $ 10.9 million for market time error

In encryption trading, timing is everything and the difference between huge profits or disappointing losses can be. This was recently clarified when the whale achieved $ 1.8 million from AAVE profit (AAVE), but it left amazing $ 10.9 million on the table due to a weak output at a time.

The whale, which was identified by the “0xfc0” wallet address, accumulated 43,885 AAVE symbols over three months before selling it later.

Timing error in the timing

Blockchain data subscriber By the point on the series, it shows that between August 23 and November 27, the whale bought symbols at an average price of $ 145.90 each. This means that they spent about 6.4 million dollars in the entire exercise, and they raised the assets on AAVE to earn bonuses.

However, on March 20, the 44,765 AAVE whale was canceled and transferred to Binance at a price of $ 183.27 per code, received $ 8.2 million and put $ 1.8 million in profit.

However, despite profit by 28 %, this step was tied and much more. According to Spot on Chane, if they sold the cache at the highest levels of December AAVE, when one symbolic symbol changed to up to 380 dollars, they would have realized $ 10.9 million.

At the same time, another large investor recently Move 43,500 AAVE is about 7.48 million dollars to Falconx after being incomplete for four months. The data on the series shows that this appointed whale has 67,426 coins estimated at $ 11.61 million, with total profits of $ 12.72 million, which represents an 88.4 % increase in the value of its investments.

AAVE price performance

Earlier in the month, the AAVE value increased by 26 % to 220 dollars after the independent independent institution on the lending platform (DAO) announced the redistribution of clear revenue for the main shareholders of the ecological system.

However, the distinctive symbol threw many gains made at the time, with a current price at $ 177.91. Although it has increased by 4.1 % in the past 24 hours, it remains almost 30 % less than it was a month ago.

In addition, although AAVE has increased by 4.2 % in the past seven days, it was scary compared to the rest of the encryption market, which gained 6 % in that period.

Given the exchange activity, Binance led AAVE trading, dealing with more than 11 % of its size in the previous 24 hours, which amounted to $ 44.27 million.

Compared to its highest level at $ 661.69 it was achieved in May 2021, the original is still less than 73.1 % from its peak. In contrast, its price is currently an improvement of 583.4 % at its lowest level ever, which was determined five years ago.