🚨 EARTHQUAKE IN AAVE! A whale liquidates $37.59M and drops the price by 10% 🚨
On-chain Analysis (Onchain Lens): In a lightning operation of just three hours, a large-scale whale has disposed of all its AAVE tokens, totaling 230,350 units. The sale was not to Stablecoins, but was exchanged for 5,869 stETH (~$17.5M) and 227.8 WBTC (~$20M).
AAVE
154.57
-11.81%
WBTC
89,731.8
+2.14%
Consequences: This massive "dump" has caused an immediate drop of approximately 10% in the price of AAVE, placing it near $161.70. When a large holder leaves the ship in this way, market confidence is put to the test.
#AAVE #WBTCFlow #crypto #CryptoNewss #Binance
Is this sale a sign that the whale expects a greater decline in DeFi?
Do you think AAVE will manage to regain the support of $170 after this liquidation?