AAVE Whale Sells 70,000 Tokens for $15.62M to Repay Loan, Deleverages After April Near-Liquidation

According to on-chain data analyst DeBank, a large holder executed a strategic sale of 70,000 AAVE (approximately $15.62 million) to convert tokens into USDC and settle obligations. The disposition occurred after withdrawing assets from the Aave protocol, reflecting a full loan repayment on the platform.

The on-chain records indicate the tranche sold at an average price of $223, allowing the whale to repay the loan and materially deleverage. Post-transaction holdings stand at roughly 21,000 AAVE (about $4.8 million), per DeBank’s ledger entries.

Market history shows the same account nearly faced liquidation in April when AAVE dipped below $120 amid a flash-loan driven long. This activity underscores the transparency of on-chain data and the risk management choices made by major holders.