Do you remember that AAVE whale who got liquidated during the crash on October 11? Back then, he was mercilessly liquidated at a price of $101, losing 32,000 AAVE in an instant.

But this guy clearly wasn’t ready to give up. Starting November 24, he made a comeback and went back to his old ways—getting back into looped lending.

So what has he been up to in the past half month? He threw down $14 million USDC and bought 80,900 AAVE in one go, with an average cost of $173 each. Fast moves, big appetite.

Now, through looped lending, he’s holding 333,000 AAVE, worth $62.59 million, with an average entry price of $167 per token. His liquidation line? $117.7.

It looks like he’s given himself a much thicker safety cushion this time. But if the market takes another nosedive, whether this whale can withstand it remains to be seen.