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Whale Borrows 1M USDC to Buy 5,211 AAVE Using Recursive Lending Strategy

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AAVE
$176.271-2.69%
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USDC
$1.0001-0.01%
Whale activity trading intensified on December 12 (UTC+8) as a major player executed a recursive lending strategy to borrow 1 million USDC and buy 5,211 AAVE tokens. The address now holds 338,544 AAVE (around $69.08 million) on Aave, with a debt of 30.8 million USDC. The move highlights a high-risk, high-reward approach with a strong risk-to-reward ratio. Lookonchain and MetaEra tracked the transaction.
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