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Multiple whale addresses panic-sold AAVE, causing AAVE to drop by 15%.

CN
PANews
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3 hours ago
AI summarizes in 5 seconds.

PANews, April 19 news, according to on-chain analyst Yu Jin's monitoring, after hackers borrowed a large amount of ETH using illegally minted rsETH collateral on Aave, multiple whales dumped AAVE on-chain, causing AAVE to drop by 15%. Among them:

  • Polymarket username "smaugvision" sold 20,015 AAVE (2.06 million USD) at a sale price of 102.9 USD.
  • Address 0xFC5 sold 20,000 AAVE (2.05 million USD) at a sale price of 102.8 USD.
  • Address 0xA2E sold 19,665 AAVE (1.95 million USD) at a sale price of 99.2 USD.

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RAVE dropped 96.2% in 24 hours, and several popular tokens including ORDI also fell simultaneously.
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