Two significant AAVE whale transactions totaling 24,936 tokens worth approximately $5.51 million have been recorded during a broader cryptocurrency market downturn. These substantial transfers highlight strategic repositioning by large holders as AAVE undergoes price corrections.
The initial transaction involved wallet address 0x1f4A transferring 15,646 AAVE tokens (valued at $3.45 million) to cryptocurrency exchange Binance roughly seven hours prior to reporting. This was followed by a separate disposal event where wallet 0x8d8B liquidated 9,290 AAVE tokens worth $2.056 million approximately fourteen hours before observation.
The combined whale activity, accounting for over half a billion dollars in token value, suggests increased liquidity movements among major stakeholders. Market analysts note such transactions often precede portfolio rebalancing during volatile periods.