According to Lookonchain, the large wallet 0xebb4 sold 88,227 AAVE in the last 8 hours, equivalent to about $19.89 million at an Medium price of $225.47, and now only holds 3,129 AAVE (about $697,000).
This transaction represents a large Dump from an AAVE whale; the move could impact short-term supply and demand in the cryptocurrency market and increase AAVE price volatility.
0xebb4 wallet sells 88,227 AAVE (≈19.89 million USD) in 8 hours.
The Medium selling price is approximately $225.47 per AAVE.
Current balance is 3,129 AAVE (≈697,000 USD).
Transaction details
The 0xebb4 wallet sold 88,227 AAVE over an 8-hour period, raising approximately $19.89 million at an Medium price of $225.47 per AAVE; the wallet then retained 3,129 AAVE worth approximately $697,000.
Data shows this is a significant Dump relative to AAVE's circulating supply, which could create short-term selling pressure. Checking on-chain transaction history helps track the speed and method of whale profit-taking.
Giant wallet 0xebb4 sold 88,227 AAVE ($19.89 million) at an Medium price of $225.47 over the past 8 hours, now holding 3,129 AAVE ($697,000).
Lookonchain — on-chain monitoring platform, October 17
Impact on AAVE Price
Large transactions from a whale wallet can create short-term selling pressure, pushing the price of AAVE up or down depending on the need to absorb the new supply.
If liquidation on the exchange is low, selling 88,227 AAVE could temporarily push the price down; conversely, if the market is buying heavily, this supply could be absorbed without causing a large price drop.
on-chain implications and whale behavior
The data shows profit-taking behavior by a large address, which often reflects a change in profit expectations or a need to convert assets to USD/other coins.
Monitoring subsequent movements (e.g., transfers to exchanges, Staking, or other wallets) helps to judge the whale's long-term goals and the risk of further selling.
How much could this trade drop the price of AAVE ?
The impact depends on floor liquidation and buying demand; a large Dump can cause a temporary drop, but the specific extent must be XEM in volume charts and order books.
How to check on-chain transactions?
Using an explorer like Etherscan, look up address 0xebb4 to XEM the transfer history, volume, and receiving/forwarding addresses.
Who is 0xebb4 address?
0xebb4 is an address on the blockchain; the individual cannot be personally identified unless the wallet owner makes the information public.
