Wallet linked to Aave team member sells 50,000 AAVE for $8M
- —50,000 AAVE sold for 8 million USDC at an average price of $160
- —The address received 108,000 AAVE from the Aave Team wallet in 2020–2021
- —It still holds 30,000 AAVE worth roughly $5.5 million
Why it matters: Insider selling can add pressure on AAVE's price and weigh on holder sentiment.
Source: PANews