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ETH $2,413.30 +3.44%
BNB $641.28 +3.08%
XRP $1.48 +5.16%
SOL $89.56 +5.93%
TRX $0.3247 -0.65%
DOGE $0.1009 +3.99%
ADA $0.2637 +4.30%
BCH $455.14 +3.30%
LINK $9.74 +4.01%
HYPE $44.56 -0.31%
AAVE $117.22 +8.59%
SUI $1.03 +5.08%
XLM $0.1727 +6.24%
ZEC $344.77 -0.14%
BTC $76,763.78 +3.10%
ETH $2,413.30 +3.44%
BNB $641.28 +3.08%
XRP $1.48 +5.16%
SOL $89.56 +5.93%
TRX $0.3247 -0.65%
DOGE $0.1009 +3.99%
ADA $0.2637 +4.30%
BCH $455.14 +3.30%
LINK $9.74 +4.01%
HYPE $44.56 -0.31%
AAVE $117.22 +8.59%
SUI $1.03 +5.08%
XLM $0.1727 +6.24%
ZEC $344.77 -0.14%

announcement

Large on-chain holders significantly sold off before the announcement of the "Aave Brand Decentralization" proposal, causing AAVE to plummet 12% this morning

According to market news, the main reason for the drop in AAVE prices this morning is due to large holders selling off. The second-largest whale address holding AAVE sold 230,000 AAVE (approximately $38 million), causing a temporary decline in AAVE prices.This whale exchanged all of its AAVE for 227.8 WBTC and 5,869.4 stETH between 5:40 AM and 7:05 AM. It is reported that this batch of AAVE was purchased from late last year to early this year, with an average cost of about $223.4. This time, it was liquidated at an average price of about $165, with expected losses reaching $13.45 million.Additionally, according to HyperInsight monitoring, affected by the temporary drop in AAVE this morning, the main long whale on Hyperliquid (0x074) has seen its unrealized losses expand to 176% today, with an average price of $189 and a position size of about $1.2 million. This long position was opened on November 16.This morning, it was reported that the Aave community will open a vote on the "Transfer of Brand Asset Control to Token Holders" ARFC proposal on Snapshot tomorrow at 10:40 AM, with voting lasting until December 26. Some analyses indicate that this proposal is interpreted by the market as a "decentralized measure to transfer brand assets to DAO management," which, while raising concerns, also partially alleviates future elasticity expectations related to brand assets, leading to a short-term repricing in the market.
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