Aave, the decentralized finance (DeFi) platform, is currently navigating a bearish trend across its various trading timeframes, encountering losses of up to 15% in the past 30 days and struggling to sustain positive momentum over the last 24 hours. On-chain reports reveal a significant player, a giant whale, has entered the scene with a strategy to sell $AAVE for profits. This formidable entity withdrew 236,779 $AAVE ($17.62 million) from Binance at $74.42 in both January and October of 2023. Just a few hours ago, they deposited 36,779 $AAVE ($3.11 million) back into Binance. A giant whale started selling $AAVE for
The post Aave Faces Bearish Trend Amidst Whale Selling Spree appeared first on The Merkle News.