On-chain analyst Ember said a wallet suspected to belong to an Aave team member sold 50,000 AAVE on-chain over the past week, receiving about 8 million USDC at an average sale price of roughly $160 per token. The same address had previously received 108,000 AAVE from a wallet labeled "Aave Team" between October 2020 and October 2021. After the recent sales, the wallet still holds about 30,000 AAVE, currently valued at around $5.5 million. The figures point to a notable reduction in holdings from an address linked by labeling and fund flows to the Aave team, based on monitoring cited by ChainCatcher.
ChainCatcher says on-chain analyst Ember tracked a wallet believed to be linked to an Aave team member. Over the past week, that wallet sold 50,000 AAVE on-chain. The sales pulled in about 8 million USDC, with an average sale price of roughly $160 per token.
Earlier, the address had received 108,000 AAVE from a wallet tagged "Aave Team" between October 2020 and October 2021. It still holds about 30,000 AAVE. That stash is valued at around $5.5 million.
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