Whale Sells $198.9M Worth of Aave Tokens, Impacting DeFi Market

A notable cryptocurrency whale transaction has sent ripples through the decentralized finance (DeFi) market. The anonymous wallet 0xebb4 sold over 88,227 AAVE tokens worth approximately $19.89 million in the last eight hours, leading to significant sell pressure and affecting liquidity dynamics within DeFi protocols. This action impacted Aave’s price and trading activity, causing volatility as it cycled through resistance and support levels. No official statements from Aave leadership have yet been made, although market observers are closely watching the situation unfold.