AAVE's price experienced a 10% decline as a significant whale sell-off led to $17 million in transactions, according to Coinotag. Despite the price drop, on-chain data indicates a substantial increase in total value locked (TVL), which surged by $1.42 billion since December 18, reaching $22.56 million in Q4 2025 earnings. The market saw liquidations amounting to $1.59 million, although daily fees remained robust at $1.88 million. The number of active users decreased, suggesting a potential reduction in short-term trading activity.