Note

Coin

<ul class="news-points"> 
 <li>AAVE whale’s $2.46M transaction triggers price drop.</li> 
 <li>High trading volume accompanies AAVE’s price correction.</li> 
 <li>Indicators suggest that negative market sentiment in AAVE may be fading.</li> 
</ul> 
The cryptocurrency industry is buzzing with the news of a massive AAVE whale completing a $2.46 million transaction. The renowned whale, “0x5a80,” recently sent shockwaves across the market by moving 38,000 AAVE tokens out. 
This whale, which has amassed a whopping $17.2 million in AAVE during the last 24 hours, now has a $31.8 million total. However, the euphoria swiftly changed to worry when the <a href="https://coinedition.com/aave-price-prediction/">price of AAVE</a> fell after the whale’s ceaseless collection efforts roughly 10 hours ago. 
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 <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
 Note that whale"0x5a80" transferred 38,000 <a href="https://twitter.com/search?q=%24AAVE&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">$AAVE</a> ($2.46M) out 30 mins ago. The 38,000 <a href="https://twitter.com/search?q=%24AAVE&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">$AAVE</a> is being transferred to exchanges through multiple addresses.<a href="https://t.co/5QXEwc7nC6" target="_blank" rel="nofollow">https://t.co/5QXEwc7nC6</a> <a href="https://t.co/XKe0B0y0NE" target="_blank" rel="nofollow">pic.twitter.com/XKe0B0y0NE</a>— Lookonchain (@lookonchain) <a href="https://twitter.com/lookonchain/status/1673218552554471424?ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">June 26, 2023</a>
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Consequently, AAVE’s price plummeted from a 30-day high of $76.13 to a low of $64.77. As of press time, the bearish trend remained in charge of the <a href="https://coinedition.com/tag/aave-aave/">AAVE market</a>, resulting in an 8.87% drop to $65.57. 
During the correction, the market capitalization f…
The post <a rel="nofollow" href="https://coinedition.com/aave-dips-from-30-day-high-as-whale-transaction-sparks-concern/">AAVE Dips from 30-Day High as Whale Transaction Sparks Concern</a> appeared first on <a rel="nofollow" href="https://coinedition.com">Coin Edition</a>.

AAVE Dips from 30-Day High as Whale Transaction Sparks Concern

Coin Edition

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