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AAVE $117.19 +0.38%
SUI $1.01 +1.63%
XLM $0.1748 +4.01%
ZEC $331.33 -3.52%
BTC $77,624.57 +3.13%
ETH $2,435.44 +3.35%
BNB $642.22 +0.92%
XRP $1.49 +2.00%
SOL $89.32 -0.86%
TRX $0.3271 +0.22%
DOGE $0.1001 +1.01%
ADA $0.2615 +0.76%
BCH $455.48 +1.96%
LINK $9.68 +0.61%
HYPE $44.40 +1.08%
AAVE $117.19 +0.38%
SUI $1.01 +1.63%
XLM $0.1748 +4.01%
ZEC $331.33 -3.52%

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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