Aave Founder Sells 4,504 ETH for $8.36 Million USDC in Four Hours

On-chain data shows Stani Kulechov sold 4,504 ETH over four hours, converting the proceeds to $8.36 million in USDC.

2026-02-06

On-chain analyst Yu Jin posted on X that Stani Kulechov, founder of Aave, sold 4,504 ETH over the last four hours, disposing of the assets at an average price of $1,855 per ETH and converting the proceeds to $8.36 million in USDC. The post identifies the wallet as 0x803…c78d.

This on-chain activity highlights notable asset flows among prominent crypto figures, with the proceeds moved into a stablecoin. The report does not specify the rationale behind the liquidation, only the amounts, timing, and the conversion into USDC.

As such moves emerge, analysts will monitor whether similar actions affect liquidity or market sentiment. The report notes that the rationale behind the liquidation remains unspecified.