A major whale liquidated 230,000 AAVE worth approximately $37.59 million within 3 hours.

According to TechFlow, on December 22, Onchain Lens monitoring revealed that a certain whale sold all 230,350 AAVE tokens within the past 3 hours, exchanging them for 5,869.46 stETH (worth approximately $17.52 million) and 227.8 WBTC (worth approximately $20.07 million), with a total value of about $37.59 million. This large-scale sell-off caused the price of AAVE to drop by about 10%.