Another altcoin acquired by mysterious buyer “Sabo” was AAVE
According to WhaleStats, the 48th-ranked Ethereum whale “Sabo” – which holds four trillion SHIB, or $91,757,200 – has expanded its crypto holdings by acquiring 1,024 Maker (MKR), paying over $2 million for this stablecoin. Another altcoin acquired by the mysterious buyer “Sabo” was AAVE – 16,706 coins worth $2,746,299.
Data shared by WhaleStats, which was tracked on Etherscan, shows that another large Ethereum investor has laid his hands on a staggering sum in Shiba Inu meme cryptocurrency, totaling more than 271 billion tokens.
The whale ranked 207th on WhaleStats added a total of 271,370,420,630 SHIBs to its portfolio, or $6,542,740. Over the past few days, AAVE has seen massive whale trades, as reported by on-chain analytics firm Santiment. Speaking about this, Saniment indicates that seven million-dollar trades were made on March 24, causing prices to rise before the price fell.
Aave is a decentralized finance protocol that allows users to lend and borrow crypto. Lenders earn interest by depositing digital assets into specially created liquidity pools. Likewise, borrowers can then use their crypto as collateral to take out a flash loan using this liquidity.
Aave currently ranks 53rd among cryptocurrencies by market capitalization and trades at $164.69, according to CoinMarketCap.
Maker (MKR) is the governance token of MakerDAO and Maker Protocol that allows users to issue and manage the DAI stablecoin. The Maker ecosystem is reportedly one of the earliest projects on the decentralized finance (DeFi) scene. MKR ranks 56th largest cryptocurrency by market capitalization and trades at $1,986 at the time of publication.
