🐳 Ethena → AAVE: movement of $2.68 million, which attracts the market
On-chain data has caught the attention of traders: the address associated with Ethena is depositing 17,900 AAVE (~$2.68 million) on Binance and Bybit. An important nuance is that previously, 26,800 AAVE (~$4.03 million) was withdrawn from the same wallet. This is part of a broader rebalancing strategy, not a one-off transfer.
🔎 Why this matters:
• 🧲 Potential liquidity pressure (tokens become "ready for sale")
• 🧠 Signal about treasury actions/operational needs
• 🌡️ Market sentiment test regarding AAVE
⚖️ What’s next?
This is not an automatic sell, but a factor of short-term volatility. The key is to monitor exchange flows, order books, and potential subsequent movements of the wallet.
📌 On-chain is a signal, not a verdict. Context matters.
