AAVE Whales Shed Nearly 1 Million Tokens as Exchange Reserves Flip Bearish
Aave (AAVE) change reserves have climbed to 2.23 million tokens, rising from 2.07 million since early February, as a number of whale cohorts scale back their holdings.
Binance now holds roughly 1.63 million AAVE, up from 1.57 million over the identical interval. This pattern signifies {that a} rising variety of tokens are being moved onto exchanges, including issues about near-term sell-side strain.
Whale Distribution Accelerates Across Holder Groups
Notably, the shift has pushed reserves again above their 90-day shifting common, ending a declining pattern that had been in place since April 2025.
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Meanwhile, wallet-level information from Santiment paints a broader image of distribution. Whales holding between 100,000 and 1 million AAVE have decreased their collective positions from 7.45 million to six.49 million tokens since late February. That quantities to a web sell-off of roughly 960,000 AAVE.
The 10,000–100,000 token cohort tells a similar story. While this group initially accrued by means of late February, the pattern reversed in mid-March. Holders offloaded roughly 140,000 AAVE, bringing collective holdings down from 3.74 million to three.6 million.
Another giant holder group, wallets with between 1 million and 10 million tokens, noticed holdings rise from 2.58 million to roughly 3 million AAVE by March. However, that cohort has since plateaued, displaying no vital new accumulation.
AAVE Hits Lowest Price Level Since October Crash
The on-chain weak point coincides with contributor departures which have rattled investor confidence. The analyst famous that market sentiment round Aave “is presently quite damaging.” Thus, traders look like capitulating or locking in remaining features.
“Aave has just lately confronted a number of structural challenges, pushing the protocol right into a damaging spiral that led it to lose the vital psychological threshold of $100 throughout March. Several inside disagreements adopted a sequence of occasions throughout the protocol, together with the departure of key contributors such as BGD Labs, and extra just lately Chaos Labs,” analyst Darkfost wrote.
However, he burdened that the pattern is taking part in out towards a wider market backdrop that is still unsupportive for holding altcoins.
According to BeInCrypto Markets information, on April 7, the AAVE token slipped to an intraday low of $85.05, marking its lowest level since the October crash.
At press time, the altcoin traded close to $95, lifted roughly 2% alongside the broader crypto market following news of a two-week US-Iran ceasefire.
Whether the aid bounce holds or extra draw back follows stays to be seen.
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