Over the past several hours, on-chain data has highlighted notable whale activity around AAVE, with analysts flagging possible selling pressure. Blockchain Capital deposited 216,292 AAVE tokens (approximately $24.8 million) into Coinbase Prime, fueling market speculation that the tokens may be prepared for sale. Separately, a whale address labeled 0xFF5D withdrew 10,008 AAVE (about $1.15 million) from AAVE and transferred it to Binance, a move viewed by some as a potential prelude to liquidation.
On the Ethereum front, some whales were accumulating. A trader with address 0x743d spent 3.79 million USDT to buy 1,827 ETH, and the same address has accumulated 11,985 ETH worth $24.79 million over the last four days at an average price of $2,068. Another notable transaction came from address 0x2d85, which had been inactive for six months before purchasing 5,003 ETH for about $10.9 million at an average price of $2,179.
These contrasting moves—institutional inflows and high-net-worth accumulation—underscore mixed signals for traders. While the data hints at possible selling pressure for AAVE, the ongoing accumulation in ETH suggests robust demand. Outcomes will depend on market reactions and execution in coming sessions.
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