The post AAVE Price Drops as Whale Sells 230,000 Tokens for WBTC and stETH; ARFC Brand Asset Transfer Vote Opens on Snapshot appeared on BitcoinEthereumNews.comThe post AAVE Price Drops as Whale Sells 230,000 Tokens for WBTC and stETH; ARFC Brand Asset Transfer Vote Opens on Snapshot appeared on BitcoinEthereumNews.com

AAVE Price Drops as Whale Sells 230,000 Tokens for WBTC and stETH; ARFC Brand Asset Transfer Vote Opens on Snapshot

On-chain analytics show a pronounced intraday AAVE pullback driven by a large wallet move. The second-largest AAVE holder liquidated 230,000 tokens, roughly $38 million, converting into 227.8 WBTC and 5,869.4 stETH between 05:40 and 07:05 UTC. The sale, executed around $165 versus a cost basis near $223.40, implies an estimated loss of about $13.45 million and highlights liquidity sensitivity to large-position exits.

HyperInsight tracked the risk dynamic, with the leading long whale (0x074) on Hyperliquid seeing unrealized losses expand to roughly 176% today, at an average entry around $189 and a position near $1.2 million, opened on November 16. This illustrates how rapid price moves compress risk buffers for concentrated bets.

In governance news, the Aave community will initiate a Snapshot vote on the Brand Asset Control Transfer to Holders ARFC, starting tomorrow at 10:40 and continuing until December 26. Market participants perceive the proposal as a decentralized step to transfer brand assets to DAO governance, a move that could influence sentiment and near-term repricing.

Source: https://en.coinotag.com/breakingnews/aave-price-drops-as-whale-sells-230000-tokens-for-wbtc-and-steth-arfc-brand-asset-transfer-vote-opens-on-snapshot

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