Whale Swaps $50 Million in Stablecoins for Just $36,000 of AAVE

The decentralized finance (DeFi) community is buzzing after an unidentified wallet swapped $50.4 million in USDT for just $36,000 worth of AAVE tokens.Etherscan data shows that the wallet received 50.4 million USDT from Binance 20 days ago. Roughly two hours ago, the user deposited the stablecoins on Aave, DeFi’s largest lending protocol and attempted to swap their position for AAVE tokens.To continue reading this as well as other DeFi and Web3 news, visit us at thedefiant.io