AAVE experienced a sharp 15% decline in value as multiple whale addresses sold significant amounts of the token on-chain. This sell-off followed a security incident where a hacker illegally minted rsETH via Aave and borrowed a large amount of ETH. Notably, the address linked to the Polymarket username "smaugvision" sold 20,015 AAVE at an average price of $102.9, totaling approximately $2.06 million. Additionally, address 0xFC5 offloaded 20,000 AAVE at $102.8 each, worth around $2.05 million, while address 0xA2E sold 19,665 AAVE at $99.2, amounting to roughly $1.95 million.