Whales Add $3 Million in AAVE as Governance Uncertainty Pressures Price

The AAVE token has faced downward pressure, dropping nearly 5% in 24 hours and over 18% weekly, coinciding with ongoing DAO governance disputes creating uncertainty. On-chain data shows AAVE supply on exchanges increased by about 16% since December 16, typically signaling selling pressure. However, this bearish surface indicator is contradicted by large holders (whales) and public figure wallets, who accumulated over 53,000 AAVE in a single day, valued at over $8 million, treating the dip as an entry point. This divergence suggests long-term conviction despite short-term governance noise. Technically, AAVE is defending the $147 support, forming the head of a potential inverse head-and-shoulders pattern; a decisive break above $182 would signal a trend reversal.

(Source：BeInCrypto)