Two Ethereum Whales Dump $371M to Repay Aave Debt in 48 Hours
Two major Ethereum whales sold a combined $371 million in ETH over 48 hours to reduce their debt on the Aave lending protocol.Summary
Two significant Ethereum whales, BitcoinOG and Trend Research, collectively sold $371 million worth of ETH within 48 hours to repay outstanding loans on the Aave decentralized lending protocol. BitcoinOG sold $292 million in ETH, using $92.5 million to pay down debt, while Trend Research sold $79 million in ETH to repay nearly all of its $77.5 million debt. These actions were voluntary deleveraging moves, not forced liquidations, suggesting a cautious approach despite both entities retaining massive ETH holdings. This activity occurred while Aave successfully processed over $140 million in automated liquidations across its networks, demonstrating the protocol's resilience. The whales' decision to reduce leverage signals that even large, bullish holders are actively managing risk amid market volatility.
(Source：BeInCrypto)