AAVE Whales Shed Nearly 1 Million Tokens as Exchange Reserves Flip Bearish
BeInCrypto
AAVE whales have sold off nearly 1 million tokens, contributing to rising exchange reserves and a bearish outlook for the asset.Summary
Aave (AAVE) is facing increased sell-side pressure as whale cohorts significantly reduce their holdings. Since late February, whales holding between 100,000 and 1 million tokens have offloaded approximately 960,000 AAVE, pushing exchange reserves above their 90-day moving average. This on-chain distribution, combined with recent contributor departures and negative market sentiment, has weighed heavily on the price, causing AAVE to drop to its lowest level since October.
(Source：BeInCrypto)