In a troubling indication for the AAVE community, a number of the cryptocurrency’s large holders, commonly called “whales,” have recently sold off substantial portions of their holdings. This is prompting some in the community to worry about a potential downturn for the decentralized finance (DeFi) token. The latest sell-off seems to be part of a broader move across the cryptocurrency market that some analysts think could impact AAVE’s price and its future. Prospects, formerly considered solid, seem to be diminishing. Whale Activity Raises Red Flags for AAVE’s Future Price Movement One of the most significant transactions happened just four hours
The post Concerns Grow as Big Players Offload AAVE, Triggering Speculation of a Market Downturn appeared first on The Merkle News.
