While the altcoins, which could not keep up with the rise of Bitcoin in 2024, continued to lose value in yesterday's market declines, an AAVE whale sold from the 3.5-year wait to a loss. The whale lost its entire $4 million investment.
While the cryptocurrency world expected the Fed to start interest rate cuts as soon as possible, September began with a decline, as in the statistics. While Bitcoin fell below 56 thousand dollars last night, the meltdown in altcoins was also much greater.
According to the information given by the on-chain tracking platform Lookonchain, the investor, who had 17447 AAVes worth 2.1 million, sold all of these tokens he bought in March and July of 2021. The total loss was 2.14 million dollars.
While the average of the whale is around 246 dollars, the current price of AAVE is 129 dollars. AAVE, one of the most important and most used DeFi tokens, fell to $50 in the crypto winter of 2022.

A harsh reminder that even whales can't escape market downturns. AAVE's decline is a stark contrast to its peak in 2022, highlighting the volatility of DeFi tokens.