An institution holding positions in both Aave and Worldcoin may have sold approximately $45.38 million worth of tokens over two days, according to on-chain analyst Yu Jin's monitoring. The entity transferred an additional 16.1 million WLD ($7.39 million) and 35,000 AAVE ($4.81 million) to multiple centralized exchanges within the past day.
The two-day sell-off reportedly includes 35.1 million WLD ($17.06 million), 6,000 ETH ($14.40 million), and 97,000 AAVE ($13.92 million). The large-scale transfers to CEXs suggest active liquidation by the institution across its crypto holdings.
Institution That Backed Aave and Worldcoin May Have Dumped $45.38M in Two Days
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