AAVE jumps on $15 million whale purchase, targets $270 million

• AAVE whale purchase reinforces upside potential
• Negative netflow indicates strategic withdrawal of cryptocurrencies
• AAVE Price Attempts to Recover Resistance at $270

The AAVE token has once again caught the attention of institutional investors following a significant move by a whale. According to on-chain data, an address that had previously sold 184,4 WBTC, valued at $20,4 million, through the Wintermute OTC exchange, has returned to the market with a vengeance. The most recent transaction shows the purchase of 57.715 AAVE at an average price of $259,9 — totaling approximately $15 million.

This particular whale is already well-known in the ecosystem, having held a significant position in AAVE for over two years. His total investment in the asset is over $30,8 million, with an estimated floating profit of over $26 million. The move reignites short-term optimism in the market.

In addition to this acquisition, data from the Ember platform reveals that the inflow from large investors increased from 89 to 224,87 in just 24 hours. This signals a strong accumulation movement by whales, consolidating a buying trend. Netflow — the balance between token inflows and outflows — also remained positive, growing from 1,4 to 26,86 AAVE. The combination of these factors indicates that large holders are accumulating more than they are liquidating positions.

Wintermute OTC 184.4 枚 WBTC ($20.4M) 的巨鲸/机构，今天通过 Wintermute $1500 for AAVE.

1500 USDC USDC Wintermute, Wintermute 57,715 AAVE, $259.9

他们从 2023 年 3 月以来一直在囤积… https://t.co/zlC49IzRB3 pic.twitter.com/se0Gnr8zOt

— 余烬 (@EmberCN) May 24, 2025

This behavior is not limited to institutional investors. AAVE has seen three consecutive days of negative Netflow on exchanges, showing that more tokens are being withdrawn from exchanges than deposited. This withdrawal is seen as a sign of confidence in the asset and possible future appreciation.

The impact on the price was immediate: AAVE touched $262 before retreating slightly to the $260 range — a gain of 1,73% in the last 24 hours. If the buying volume continues, the asset could retest the resistance at $270. If there is a breakout, the next target will be $284. Otherwise, a new correction could bring the $231 support back into the radar.