According to on-chain analyst Ember, a whale bought 45,377 AAVs ($6.92 million) through revolving loans in the last 30 hours, with an average price of $152.5. He borrowed stablecoins by mortgaging AAVE, and then transferred to Coinbase to buy AAVE back to the address to continue mortgaging AAVE. In the past 30 hours, he lent 6.92 million stablecoins to Coinbase to buy 45,377 AAVs.