Suspected Aave team address sells 50,000 AAVE for $8 million USDC

  • A suspected Aave team address sold 50,000 AAVE for USDC.
  • 50,000 AAVE changed hands for 8 million USDC at a $160 average.
  • The address received 108,000 AAVE from Aave Team between October 2020 and October 2021.

A blockchain address suspected of belonging to an Aave team member sold 50,000 AAVE for 8 million USDC over the past week, at an average price of $160 per token. On-chain analyst Ember said the address received 108,000 AAVE from a wallet attributed to Aave Team between October 2020 and October 2021. After the sales, it still held 30,000 AAVE valued at $5.5 million.

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