Derived from Odaily, a major AAVE whale that was liquidated during the October 11 black swan event has resumed accumulating AAVE via leveraged loans since November 24. The address now holds 333,000 AAVE, valued at approximately $62.6 million, with an average cost of $167. Around the same time, Multicoin Capital began steadily buying AAVE through Galaxy Digital OTC, accumulating 338,000 AAVE, worth about $65.3 million. These moves suggest potential structural buying interest in AAVE. Aave, a leading on-chain lending protocol, dominates the DeFi lending market, capturing 87% of Ethereum-based lending revenue. Analysts have evaluated Aave’s financial structure, including revenue predictability, GHO’s growth, and token buybacks, suggesting the protocol is entering a more mature phase with a stronger long-term value proposition.
Smart Money Adds AAVE Amid Market Volatility
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