Scan to download
BTC $74,648.20 -0.41%
ETH $2,322.53 -1.30%
BNB $628.91 +0.86%
XRP $1.43 +1.84%
SOL $87.71 +3.01%
TRX $0.3252 -0.04%
DOGE $0.0970 +0.75%
ADA $0.2532 +1.41%
BCH $448.91 +1.47%
LINK $9.38 +0.83%
HYPE $43.41 -3.60%
AAVE $112.36 +5.67%
SUI $0.9816 +1.38%
XLM $0.1651 +3.44%
ZEC $333.16 -1.78%
BTC $74,648.20 -0.41%
ETH $2,322.53 -1.30%
BNB $628.91 +0.86%
XRP $1.43 +1.84%
SOL $87.71 +3.01%
TRX $0.3252 -0.04%
DOGE $0.0970 +0.75%
ADA $0.2532 +1.41%
BCH $448.91 +1.47%
LINK $9.38 +0.83%
HYPE $43.41 -3.60%
AAVE $112.36 +5.67%
SUI $0.9816 +1.38%
XLM $0.1651 +3.44%
ZEC $333.16 -1.78%

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.
app_icon
ChainCatcher Building the Web3 world with innovations.