On-chain monitor Ember reported that a wallet believed to be linked to an Aave team member sold 50,000 AAVE over the past week for 8 million USDC, implying an average sale price of $160 per token. The address had previously received 108,000 AAVE from wallets attributed to the Aave Team between October 2020 and October 2021. After the recent sales, the wallet still holds 30,000 AAVE, with the remaining position valued at about $5.5 million. The transaction activity was cited from Ember’s monitoring update shared via X.
According to on-chain monitor Ember, a wallet suspected to belong to an Aave team member sold 50,000 AAVE over the past week and received 8 million USDC, at an average price of $160.
Ember said the address had received 108,000 AAVE from wallets attributed to the Aave Team between October 2020 and October 2021.
The wallet still holds 30,000 AAVE, currently valued at about $5.5 million.
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