Aave Founder Sells $8.3M in ETH as Ether Slides Below $2,000
Aave founder Stani Kulechov offloaded 4,503 ETH—worth roughly $8.36 million—through CoW Protocol late Thursday, according to on-chain records. The transaction came as Ether traded below the $2,000 mark, reflecting continued downside in broader crypto markets and adding a notable sale from a high-profile DeFi founder to on-chain activity.
Founder sales often prompt questions about protocol health and insider confidence, but they can also represent routine liquidity management or personal diversification. While the move may put short-term pressure on ETH sentiment and attract headlines around AAVE governance, there is no direct evidence it signals a change in protocol direction. Market participants will be watching subsequent on-chain flows and AAVE token behavior for signs of wider impact.