AAVE market speculation surges as Tron founder Justin Sun, and a mystery whale makes waves with strategic accumulation and profit-taking.  Recent on-chain data has shed light on the activities of two major players in the AAVE ecosystem, Tron founder Justin Sun and an anonymous whale. These individuals have been making strategic moves, accumulating and selling substantial AAVE […] The post Justin Sun and Mysterious Whale Accumulate AAVE Worth $14M, Price Up 27% first appeared on The Crypto Basic.

Justin Sun and Mysterious Whale Accumulate AAVE Worth $14M, Price Up 27%

AAVE market speculation surges as Tron founder Justin Sun, and a mystery whale makes waves with strategic accumulation and profit-taking. 

Recent on-chain data has shed light on the activities of two major players in the  AAVE  ecosystem, Tron founder Justin Sun and an anonymous whale. These individuals have been making strategic moves, accumulating and selling substantial AAVE tokens, driving speculation and market dynamics.

Justin Sun Amasses $776k

Tron founder Justin Sun deposited a substantial 111,910 AAVE tokens worth $776k into Huobi, the exchange he recently acquired.

Prominent surveillance resource Lookonchain first called attention to the movement in a tweet today. This development, which occurred just a while ago, hints at Sun’s ongoing involvement in the AAVE ecosystem.

This is not the first time Justin Sun has made headlines with his AAVE transactions. In October 2021, when the price of AAVE tokens stood at $327, Sun deposited 49,000 AAVE tokens worth $16 million into Binance. 

Not one to shy away from market opportunities, Sun made another move in January 2022, depositing 59,500 AAVE tokens worth $8.8 million into the same exchange when the price was $148.

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