According to on-chain analyst The Data Nerd, a whale has been continuously cycling operations with AAVE. 11 hours ago, it borrowed 5 million USDC from AAVE and transferred it to Wintermute to purchase 19,608 AAVE, then deposited them all back into AAVE. Currently, this address holds a total of 280,674 AAVE (approximately $69.66 million) and has cumulatively borrowed 32.22 million USDC.