Derived from BitcoinWorld, a major whale sold $37.6 million worth of AAVE tokens over three hours, triggering a 10% price drop. The whale swapped 230,350 AAVE tokens for stETH and WBTC, signaling a strategic reallocation rather than a full exit from crypto. On-chain data from Onchain Lens shows the sell-off directly contributed to the 9.57% decline in AAVE’s 24-hour value. The event highlights the influence of large holders on market prices and the importance of monitoring whale activity for investors.
AAVE Price Drops 10% After Whale Sells $37.6M in Three Hours
BitcoinWorldShare
Summary
Whale movement sent AAVE price down 10% after a major seller offloaded $37.6 million in three hours. On-chain data from Onchain Lens shows 230,350 AAVE tokens were swapped for stETH and WBTC. The sell-off pushed AAVE’s 24-hour value down 9.57%. Whale movement often impacts market sentiment. On-chain data reveals large holders continue to shape crypto price action. Investors track whale activity to gauge market direction.
Source:Show original
Disclaimer: The information on this page may have been obtained from third parties and does not necessarily reflect the views or opinions of KuCoin. This content is provided for general informational purposes only, without any representation or warranty of any kind, nor shall it be construed as financial or investment advice. KuCoin shall not be liable for any errors or omissions, or for any outcomes resulting from the use of this information.
Investments in digital assets can be risky. Please carefully evaluate the risks of a product and your risk tolerance based on your own financial circumstances. For more information, please refer to our Terms of Use and Risk Disclosure.