Whale 0x04b just unstaked and deposited all 7,964 AAVE ($2.11M) to Binance after nearly 3 years of holding:

• transaction: 0xe94c508e453f557537ef750ecf8cd2d14101ca351dae2e0f71ce2f51f91f291a
• address: 0x04b35d8eb17729b2c4a4224d07727e2f71283b73

Notably, the whale withdrew 6,710 AAVE from Binance at $160.73 (estimated cost: $1.08M) on March 18, 2022, and then staked the tokens with Aave to further earn a total of 1,254 AAVE in staking rewards. If truly selling all now at $264.29, the whale would realize an estimated profit of $1.03M (+95.3%) from AAVE after 3 years.

Furthermore, besides AAVE, the whale also deposited 2,390 ETH ($6.7M) and 2,321 COMP ($132K) to Binance. This may imply that the whale is no longer bullish on the Ethereum ecosystem.

Fig 1. The overall AAVE trading history of Whale 0x04b.