A suspected Aave team member’s address sold 50,000 AAVE a week in exchange for 8 million USDC

Wu Shuo learned that according to Ember Monitoring, an address suspected of being a member of the Aave team has sold 50,000 AAVE on the chain in the past week, in exchange for 8 million USDC, with an average price of $160. This address obtained 108,000 AAVE from the Aave Team wallet from October 2020 to October 2021, and still holds 30,000 AAVE (approximately $5.5 million) after selling. The ownership of the above address is determined by the monitoring party and has not yet been confirmed by the parties involved.

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