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Analyst: Multiple whale addresses are selling off on-chain, AAVE's daily drop reaches 15%
According to on-chain analyst Yu Jin's monitoring, after hackers borrowed a large amount of ETH by collateralizing illegally minted rsETH through Aave, several whale addresses sold AAVE on-chain, causing AAVE to drop by 15% on that day.
Among them, the Polymarket user with the username "smaugvision" sold 20,015 AAVE at an average price of $102.9, worth about $2.06 million; address 0xFC5 sold 20,000 AAVE at an average price of $102.8, worth about $2.05 million; address 0xA2E sold 19,665 AAVE at an average price of $99.2, worth about $1.95 million.
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