$AAVE On-Chain: Whale Moves — Dumping Bags or Loading a New DeFi Play? 🐋
On Tuesday, AAVE saw over $10M in net outflows from spot — the largest since October 10 — signaling rising sell-side pressure and hinting that the market may be sliding into a corrective phase. Whales look like they’re positioning ahead of potential downside.
On-chain data from Etherscan shows several large holders moved roughly 42,000 AAVE out of Coinbase cold wallets into fresh hot wallets, split across six transactions.
Normally, that kind of cold → hot flow is a classic sign of “getting ready to sell on CEXs.”
But there’s a twist.
So far, those new wallets haven’t executed any exchange sales.
That leaves two clear possibilities on the table:
• 🟥 Bearish: Whales are preparing to offload AAVE into strength and fuel a deeper correction.
• 🟩 Strategic: They might be getting ready to deploy AAVE into DeFi strategies instead of market-dumping it.
For now, the only confirmed signals are:
• Biggest spot outflow since Oct 10
• Heavy whale transfers into hot wallets
• No visible sell execution yet
In other words:
Whales have moved their pieces onto the board —
we’re just waiting to see whether this becomes a sell cascade or a DeFi rotation play.
