AAVE surged 6.98% daily but remains down 10.97% on the week and 12.89% on the month.
A whale investor deposited 73,501 AAVE worth $12.51M to FalconX since March 19, reducing holdings to 37,425 AAVE while securing a total estimated profit of $12.46M.
Traders are watching the whale’s next move as AAVE faces selling pressure despite ranking as the second-best performer among major DeFi lending competitors.
AAVE lost over 62% in value since reaching a 3-year high of $398 per token in November 2024, signaling a bearish market for altcoins.