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$AAVE dropped sharply because one wallet address unstaked 230,192 $AAVE = $41M and swapped to $stETH and $WBTC, leading to the sharp drop. Whale (0x6a4…eb81) continued to accumulate more $AAVE despite the price drop. On December 17th, this Whale bought 23,187 $AAVE at the price of $178 and continued to buy more $AAVE. From yesterday to today, the total holdings increased to 35,202 $AAVE = $5,359,865 (entry Avg $178, loss 11.63%) This Whale wallet address also successfully profited from participating in Polymarket for events related to the US and Venezuela.

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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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