PANews reported on October 17 that according to monitoring by on-chain analyst Ember, a whale who was long AAVE on a revolving loan and was nearly liquidated when AAVE fell below $120 in April chose to sell 70,000 AAVE (US$15.62 million) today to pay off all loans and reduce leverage.

• In the past 4 hours, he withdrew 70,000 AAVE from Aave and sold them at an average price of US$223 in exchange for 15.62 million USDC, and then repaid his loan on Aave.
• After paying off his loans, he only held 21,000 AAVE (US$4.8 million).
• In April, in order to prevent his AAVE position from being liquidated, he sold some AAVE at around $120.