PANews reported on November 7 that according to monitoring by on-chain analyst Ember, a whale or institution borrowed 33 million USDC from Aave in the past hour and bought 11,486 ETH at an average price of US$2,873, indicating its intention to bet on continued increases in ETH prices.

In addition, the whale also bought 125,600 AAVE at an average price of US$127 at the end of August this year, investing approximately US$23.94 million. The current floating profit of these AAVEs has reached US$7.2 million, an increase of approximately 45%.