Whale Position Faces Liquidation Amidst Falling AAVE Prices: A Closer Look at the $13 Million Struggle
The cryptocurrency world is precarious, and fortunes can be made or lost in a matter of moments. One reason for this volatility is the high-stakes leverage that not just day traders but also institutional investors use to amplify their bets. In this respect, the story of AAVE is particularly instructive. AAVE is the token of the Aave Protocol, currently the second-largest decentralized lending platform in the world. Yet, amidst a number of current macro conditions, both the price of AAVE and the amount of Ethereum locked within the Aave Protocol are teetering on the edge of an abyss. The Rise, Fall, and Current Struggles of the 102,000 AAVE Whale The investor in question had first taken a significant amount of GHO, a stablecoin issued by Aave, through a revolving loan. This loan, taken between October and December last year, amounted […]
