An address suspected of belonging to an Aave team member has sold 50,000 AAVE tokens for 8 million USDC over the past week. On-chain data indicates the sales were executed at an average price of $160 per token.
The wallet received 108,000 AAVE from the Aave Team vesting contract between October 2020 and October 2021. Following this recent divestment, the address retains a balance of 30,000 AAVE, valued at approximately $5.5 million.
Suspected Aave Team Member Sells 50,000 AAVE for $8M USDC
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