TechFlow News: On April 19, blockchain analyst EmberCN (@EmberCN) observed that after hackers borrowed large amounts of ETH on Aave using illegally minted rsETH as collateral, multiple whale addresses sold AAVE tokens on-chain, causing AAVE’s price to drop 15% that day.
Among them, the Polymarket user “smaugvision” sold 20,015 AAVE tokens at an average price of $102.9, worth approximately $2.06 million; address 0xFC5 sold 20,000 AAVE tokens at an average price of $102.8, worth approximately $2.05 million; and address 0xA2E sold 19,665 AAVE tokens at an average price of $99.2, worth approximately $1.95 million.
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