AAVE Slumps on Whale Liquidations as Stani Kulechov Buys the Dip Ahead of ARFC Governance Vote on Snapshot
ETH/USDT
$9,282,638,910.31
$2,145.00 / $2,094.47
Change: $50.53 (2.41%)
+0.0033%
Longs pay
HyperInsight analytics indicate that in the last 15 hours, AAVE weakness coincided with liquidations around the top bull whale 0x074 on Hyperliquid, triggering a short-term unwind near $1.19 million. The long entry was established on Nov 16 at roughly $189.
On-chain analyst Yu Jin reports that Stani Kulechov, founder of AAVE, executed another dip-buy today, transferring about 1699 ETH (~$5.17 million) from Kraken and purchasing 32,658 AAVE at around $158. Since the December 16 governance dispute, he has deployed ~5000 ETH to acquire 84,033 AAVE at a weighted cost around $176.6, with an unrealized loss near $2 million.
Market updates indicate the AAVE community will vote on the ARFC proposal, Asset Brand Control Transfer to Holders, via Snapshot starting tomorrow at 10:40, with a deadline of December 26. The second-largest holder previously sold ~230,000 AAVE (~$38 million), briefly pressuring the price by more than 12%.