According to The Data Nerd, whale address 0x372 executed significant leveraged activity on AAVE, borrowing $5M USDC 11 hours ago, transferring it to Wintermute, and accumulating 19,608 AAVE tokens. The whale supplied these AAVE tokens back into AAVE, continuing to loop and ultimately amassing a total of 280,674 AAVE (valued at approximately $69.66M) while borrowing a total of $32.22M USDC. This aggressive looping and collateral strategy signals high conviction in AAVE price stability and liquidity, and may increase volatility or impact lending rates for AAVE and USDC pairs in the DeFi ecosystem. Traders should closely monitor this address and AAVE liquidity pools for potential liquidation risks or sharp price movements. Source: The Data Nerd (@OnchainDataNerd, June 6, 2025).

According to Lookonchain, whale address 0x372c purchased another 18,627 AAVE tokens worth $4.96 million three hours ago, bringing its total AAVE acquisitions since May 1 to 118,768 tokens valued at $29.14 million. The whale now holds 261,064 AAVE ($69.8 million), which signals a strong accumulation trend and potential bullish sentiment among large investors. This significant on-chain activity could influence short-term AAVE price action, increase trading volume, and attract attention from both institutional and retail traders seeking to capitalize on whale-driven momentum. Source: Lookonchain via intel.arkm.com/explorer/address/0x372c.