Amid market pressures, Aave has emerged as one of the most profitable assets over the last 30 days, despite sales from its founder.
Aave Shows Growth
Aave’s price recorded a 66% increase in the last 30 days, while major cryptocurrencies like Bitcoin (11%) and Solana (12%) exhibited more modest gains. Aave V3 recently launched on Era Mainnet, enhancing its scalability using ZKsync.
Aave Founder Sells Assets
According to Lookonchain data, Aave's founder, Stani Kulechov, sold 55,596 AAVE (approximately $6.67 million) since February 26. After this sale, Kulechov still holds more than 243K AAVE (approximately $32.7 million). Aave was trading around $100 in February and has since gained over 33%, reaching an average price of $133.51.
Whale Activity in Aave
Data indicates that multiple crypto whales have participated in Aave’s upward trajectory. Two whales bought 9,129 AAVE ($1.2 million) and 7,462 AAVE ($1 million) respectively on September 5. One whale acquired 50,604 AAVE ($6.7 million) in a single transaction and now holds 125,605 AAVE ($17 million) at an average buying price of $134.6.
As interest in Aave continues to grow, the market is closely watching the changes in the founder's wallet and the actions of large investors, which could influence future price movements.
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