Data: Aave team member's address allegedly sold 50,000 AAVE in the past week, cashing out 8 million USDC

According to on-chain analyst Yu Jin's monitoring, a suspected Aave team member's address has recently sold 50,000 AAVE on-chain over the past week, exchanging it for approximately 8 million USDC, with an average selling price of about 160 dollars.

This address received 108,000 AAVE from a wallet marked as Aave Team between October 2020 and October 2021. Currently, this address still holds about 30,000 AAVE, valued at approximately 5.5 million dollars.