In accordance with CoinEdition, Aave (AAVE) fell over 10% in 24 hours despite a broader crypto market recovery. A large wallet, identified as 0xa923, sold 230,350 AAVE ($37.8M) for stETH and WBTC at a $13.75M loss, triggering sharp selling pressure. Another whale, OxDDC4, bought 9,629 AAVE with 500 ETH and now holds an unrealized loss of $4.15M. AAVE is currently trading near $155, with further downside risk if it breaks below $150.
Aave Price Falls Over 10% Amid Major Whale Sales Despite Crypto Market Recovery
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Summary
Aave (AAVE) dropped over 10% in 24 hours as whale movement intensified, despite a broader crypto price rebound. A large wallet, 0xa923, sold 230,350 AAVE ($37.8M) for stETH and WBTC at a $13.75M loss. Another whale, OxDDC4, bought 9,629 AAVE with 500 ETH, now holding a $4.15M unrealized loss. AAVE trades near $155, with further downside risk if it breaks below $150.
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