Large Investors with AAVE Holdings took action in the early morning.

Around 5:40 AM, AAVE began to plummet. It dropped from $176 all the way down to $156, with a decline of 12% within 90 minutes. The driving force quickly came to light — the second large investor sold over 2.3 million tokens in just 1 hour and 25 minutes, with a total value of approximately $38 million.

This operation is not cost-effective for this large investor. According to on-chain data tracking, this person has incurred a floating loss of 13.45 million dollars due to the drop in AAVE. Interestingly, it was this round of sell-off that directly triggered the avalanche of the entire coin price. It seems that the market is still very sensitive to the actions of large investors – a single large transaction is enough to break the balance.