Crypto
Unidentified Whale Withdraws 39,018 Aave Tokens from Kraken
An unidentified investor withdrew a substantial amount of Aave (AAVE) tokens from Kraken on October 1. Before making the withdrawal, this 'whale' transferred $5.97 million in USD Coin to the exchange.
The transfer of USDC was followed by an AAVE withdrawal approximately two hours later, valued at around $6.2 million. This transaction involved 39,018 Aave tokens.
Aave is the native token of a decentralized lending protocol, which allows users to lend and borrow cryptocurrencies in a trustless manner.