Kulechov bought 84,033 AAVE tokens last week, signaling deliberate long-term accumulation.
Most of his $12.8M crypto portfolio is in AAVE, with minor ETH and stablecoin holdings.
Using CoW Protocol, he swapped WETH for AAVE efficiently, showing smart trading strategy.
Aave founder Stani Kulechov is making bold moves in the crypto market. Over the past week, he purchased 84,033 $AAVE tokens, totaling $12.6 million. This includes a recent buy of 32,660 $AAVE worth $5.15 million at $158 per token, despite the token trading lower.
According to Lookonchain and Arkham data, Kulechov’s portfolio is heavily concentrated in AAVE, which currently accounts for nearly the entire value of his holdings. The portfolio’s total value stands around $12.81 million, reflecting a 3.24% daily decline aligned with broader market pullback trends.
The repeated purchases of AAVE highlight deliberate accumulation rather than random trading. The consistent inflows and the back-and-forth movements of wrapped Ether (WETH) through CoW Protocol suggest a structured strategy.
Consequently, Kulechov exchanged significant amounts of WETH for AAVE, with transactions ranging from $15,000 to nearly $150,000 per swap. Moreover, the lack of subsequent AAVE outflows reinforces the view that these tokens are long-term holdings, not prepared for immediate sale.
Portfolio Details and Market Context
Aside from AAVE, other smaller cryptocurrency positions held by Kulechov include 20.15 ETH valued around $59,000, as well as stable coins such as USDT valued at $17,500 and USDC valued at $10,800.
Small speculative holdings, such as Illuvium (ILV) at $4,200, CULT tokens at $3,600, and THALES at approximately $3,100, record slight declines of approximately 2% on a daily chart. Furthermore, this structure illustrates AAVE is still the major focus of valuation. There is also synchrony within the daily change of the portfolio and the general market trend of Ethereum and DeFi tokens.
In addition, the involvement of the CoW protocol indicates the priority given to optimized pricing and minimized slippage, which represents sophisticated trading activity. Further, the data on timing, volume, as well as routing of the trades indicate that Kulechov’s activity relates to strategic accumulation.
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