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Multiple whales sell off AAVE consecutively, causing AAVE to drop over 18% in a single day

MeNews
robot
Abstract generation in progress
ME News Report, April 19 (UTC+8), according to Lookonchain monitoring, due to a KelpDAO vulnerability causing bad debt on Aave, multiple whales have sold off AAVE, with AAVE dropping over 18% today. Among them: smaugvision sold 20,015 AAVE at an average price of $103 each, receiving 2.06 million USDC. Whale 0xFC56 sold 20,000 AAVE at an average price of $103 each, receiving 2.05 million USDC. Whale 0xA2E4 sold 19,666 AAVE (worth $1.95 million) at an average price of $99 each, receiving 505.65 ETH (worth $1.18 million) and 10.11 WBTC (worth $765k). (Source: PANews)
AAVE0.31%
USDC-0.01%
ETH-3.25%
WBTC-2.52%
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招财锦宝
· 10h ago
Can this blue-chip like AAVE drop 18% in a single day? Is the bullish market faith still intact?
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OrigamiVolcano
· 10h ago
The name smaugvision is a bit interesting; even dragons are afraid of losing out.
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DustCollector
· 11h ago
Can this blue-chip like AAVE drop 18% in a single day? Is the bullish market faith still intact?
View OriginalReply0
WickHunter
· 11h ago
Looking at the capital flow, WBTC and ETH have become safe havens, the old script.
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LateFeeLeo
· 11h ago
Selling at $103 and $99, cutting losses near the break-even point, probably can't hold on much longer.
View OriginalReply0
Don’tLetTheLiquidationAlarm
· 11h ago
Three addresses collectively sold nearly 60 million dollars, who can absorb this selling pressure?
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PettyLp
· 11h ago
KelpDAO is dragging AAVE into the mess this time—cross-protocol risk is truly impossible to guard against.
View OriginalReply0
LiquidityLullaby
· 11h ago
0xA2E4 still exchanges ETH and WBTC, clearly thinking the market is going to rebound.
View OriginalReply0

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