According to @EmberCN, after a 12% drop in AAVE triggered by a large seller yesterday, Aave founder Stani Kulechov withdrew 1,699 ETH (about $5.17 million) from Kraken roughly seven hours ago and swapped on-chain into 32,658 AAVE at an average price of $158 (source: @EmberCN, Twitter, Dec 23, 2025). According to @EmberCN, Kulechov also conducted AAVE purchases on Dec 16, indicating prior accumulation activity visible on-chain (source: @EmberCN, Twitter, Dec 23, 2025).

According to @OnchainLens, a whale at address 0xa923b13270f8622b5d5960634200dc4302b7611e sold 230,350 AAVE for 5,869.46 stETH (about USD 17.52 million) and 227.8 WBTC (about USD 20.07 million) within the past 3 hours, based on Nansen data. Per @OnchainLens, AAVE fell about 10 percent during the selling window, coinciding with the reported on-chain outflows from the address via Nansen. Traders may monitor subsequent transfers from 0xa923b13270f8622b5d5960634200dc4302b7611e to gauge near-term impact on AAVE liquidity and volatility, as highlighted by @OnchainLens using Nansen data.

According to Lookonchain, two whale addresses offloaded a combined 24,936 AAVE, valued at $5.51 million, as the broader crypto market experienced a downturn. Specifically, wallet 0x1f4A deposited 15,646 AAVE ($3.45 million) to Binance approximately 7 hours ago, signaling a potential intent to sell. Meanwhile, wallet 0x8d8B sold 9,290 AAVE for 2.056 million USDC about 14 hours ago. These significant movements indicate increased selling pressure and could signal further volatility for AAVE/USD pairs in the short term. Traders should closely monitor AAVE's price action and liquidity on major exchanges in response to these whale activities. (Source: Lookonchain via Twitter, intel.arkm.com)

According to Lookonchain, two large AAVE holders (whales) collectively offloaded 24,936 AAVE tokens worth approximately $5.51 million during the recent market downturn. Address 0x1f4A deposited 15,646 AAVE (about $3.45 million) to Binance seven hours ago, increasing potential short-term sell pressure. Meanwhile, address 0x8d8B sold 9,290 AAVE for 2.056 million USDC 14 hours ago. These major transactions, verified by Arkham Intelligence (intel.arkm.com), suggest bearish sentiment and could impact AAVE’s price action and liquidity on centralized exchanges. Traders should monitor for continued whale activity and potential volatility in DeFi tokens.