Aave: Team Member Sells 50,000 AAVE

Aave team-linked address offloaded 50,000 AAVE for 8 million USDC at an average $160 over the past week, following receipt of 108,000 tokens from the Aave Team wallet between October 2020 and October 2021.

The address retains 30,000 AAVE valued at 5.5 million dollars.

Price action on the 4h chart shows AAVE trading at 181.97 while testing upper Bollinger resistance at 181.72; with RSI at 71.23 flashing overbought conditions and MACD holding a golden cross at 6.29, a healthy retracement toward the 50-EMA support at 158.55 appears probable before continuation higher, as the 200-EMA at 138.49 anchors the broader bullish structure.