In the dim glow of late December, the Aave market shimmered briefly before a whale, or perhaps a charlatan in a whale suit, crashed into it with the subtlety of a meteor. The price slipped like a teacup from a steeplechase-downward, precipitously-after 230,350 AAVE tokens were flung into the market. The natives, confused, whispered: “What now?”
- A whale (or perhaps a soggy financier) sold 230,350 AAVE (~$37.6M) near $162, leaving ducks and investors to question reality.
- On-chain data reveals some whales are adding weight, while others may be simply rehearsing their retirement speeches.
- The chart now resembles a weeping willow, drooping near $160-165. Resistance? That’s overhead, like a sophomore’s excuses during tax season.
The price, currently slumped at $161.70, now babysits old levels-this month’s battle between buyers and sellers reduced to a tragicomedy of decimal places.
Wallet 0xa923, our putative tragic hero, transformed AAVE into stETH and WBTC, presumably in hopes of Mars colonization funds. The sale left them with a $13.8M deficit-a holiday gift for whoever invented the phrase “bear market investor.”
Whale 0xa923 sold 230,350 $AAVE($37.8M) for 5,869 $stETH($17.62M) and 228 $WBTC($20.2M) at a loss in 4 hours. 🐳💸
This aquatic collapse birthed a 10% drop-proof that even whales can’t dolphinslap their way to profits.
– Lookonchain (@lookonchain) Dec 22, 2025
Whales Swimming in Opposite Currents
Dec’s theater of token trading featured some eccentrics. One whale quietly hoovered 310,000 AAVE via recursive borrowing, while another splurged $35M during dips. Meanwhile, top addresses accumulated, and exchanges sighed with dwindling balances-though the price insists on performing death rolls.
Multicoin Capital, notably, bought ~$20M in AAVE via OTC, perhaps believing the moon is actually $178. Or they’re just thorough.
Chart: A Tale of Two Faults
The chart now resembles a love letter torn up by a bear-a downtrend with heartburn. Sellers POTUS the action, as rebounds stall like beginners’ Uber rides. The RSI? Placid in the 40s, hinting buyer committees have disbanded.
Price hugs the lower Bollinger Band, its embrace awkward and impersonal. $160-165, once hope, is now a holding pattern. Breach it, and the script suggests $145-150-home to suits in moth-punched portfolios. 💠
Until volume breaks out of its pajama party, $175-180 remains a mirage. Buyers may yet find life in long-term huddles-if they survive the short-term’s allocated sarcasm. 😅
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2025-12-22 07:12