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PEPE Whale is dumping LDO Token to convert to AAVE, facing a loss of 3.5 million dollars.
Gate.io News bot news, a PEPE Token Whale investor completed a large transaction. The investor sold 2.25 million LDO tokens (worth $2.18 million) in exchange for WETH, and then exchanged it for 12,037 AAVE tokens, with each AAVE trading at $181.
According to reports, this Whale previously purchased 3.6 million LDO Tokens for 2,234 ETH (approximately 7 million USD). Currently, the investor still holds 1.35 million LDO Tokens (worth 1.215 million USD), with an unrealized loss of 3.6 million USD.