AAVE Whale Liquidates Holdings to Settle Debt

According to BlockBeats, a prominent AAVE investor, who narrowly avoided liquidation in April when AAVE prices fell below $120, has sold 70,000 AAVE tokens valued at approximately $15.62 million. This move was made to repay all outstanding loans and remove leverage. Over the past four hours, the investor retrieved 70,000 AAVE from Aave and sold them at an average price of $223, converting the proceeds into 15.62 million USDC to clear the debt on Aave. Following the repayment, the investor retains 21,000 AAVE tokens, worth around $4.8 million.