The price of AAVE is volatile due to whale sell-offs and community disputes, with a large whale opening a 7x short position on AAVE

According to Hyperinsight monitoring, after the AAVE token experienced significant price fluctuations due to large whale sell-offs and escalating disputes within the Aave community, a large short position was opened with 7x leverage on AAVE by an address starting with 0x3c7. The position size reached 2.42 million USD, with an average price of 151 USD and a liquidation price of 173 USD, currently showing a small floating profit of 17%, making it the largest short position on AAVE on Hyperliquid.

In addition to this position, the address also has a limit short order of approximately 780,000 USD placed at 154 USD, which has not yet been executed. Meanwhile, it has set take-profit and stop-loss orders for the position: planning to take profit and reduce the position at 136 USD, and to stop-loss and reduce the position at 196 USD.