The post AAVE Slumps on Whale Liquidations as Stani Kulechov Buys the Dip Ahead of ARFC Governance Vote on Snapshot appeared on BitcoinEthereumNews.com. HyperInsightThe post AAVE Slumps on Whale Liquidations as Stani Kulechov Buys the Dip Ahead of ARFC Governance Vote on Snapshot appeared on BitcoinEthereumNews.com. HyperInsight

AAVE Slumps on Whale Liquidations as Stani Kulechov Buys the Dip Ahead of ARFC Governance Vote on Snapshot

HyperInsight analytics indicate that in the last 15 hours, AAVE weakness coincided with liquidations around the top bull whale 0x074 on Hyperliquid, triggering a short-term unwind near $1.19 million. The long entry was established on Nov 16 at roughly $189.

On-chain analyst Yu Jin reports that Stani Kulechov, founder of AAVE, executed another dip-buy today, transferring about 1699 ETH (~$5.17 million) from Kraken and purchasing 32,658 AAVE at around $158. Since the December 16 governance dispute, he has deployed ~5000 ETH to acquire 84,033 AAVE at a weighted cost around $176.6, with an unrealized loss near $2 million.

Market updates indicate the AAVE community will vote on the ARFC proposal, Asset Brand Control Transfer to Holders, via Snapshot starting tomorrow at 10:40, with a deadline of December 26. The second-largest holder previously sold ~230,000 AAVE (~$38 million), briefly pressuring the price by more than 12%.

Source: https://en.coinotag.com/breakingnews/aave-slumps-on-whale-liquidations-as-stani-kulechov-buys-the-dip-ahead-of-arfc-governance-vote-on-snapshot

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