AAVE Investor Liquidates Holdings to Pay Off Debt

A prominent AAVE investor has taken drastic action to settle outstanding loans and remove leverage after facing potential liquidation in April when AAVE prices dropped below $120. The investor sold approximately 70,000 AAVE tokens, worth $15.62 million, on the Aave platform. This move allowed them to repay all their existing debts, according to BlockBeats. Following this sale, the investor now holds 21,000 AAVE tokens, valued at about $4.8 million.