Large Investors on-chain significantly sold off before the "Aave brand Decentralization" proposal announcement, resulting in a big dump of AAVE by 12% this morning.

BlockBeats news, on December 22, according to on-chain analyst Yu Jin's monitoring, the main reason for the drop in AAVE price this morning was large investors dumping. The whale address with the second largest AAVE holdings sold 230,000 AAVE (approximately 38 million USD), causing a temporary decline in the AAVE price. This whale exchanged all AAVE for 227.8 WBTC and 5869.4 stETH between 5:40 and 7:05 AM. It is reported that this batch of AAVE was purchased from the end of last year to the beginning of this year, with an average cost of about 223.4 USD. This time, it was closed at an average price of about 165 USD, with estimated losses reaching 13.45 million USD. According to HyperInsight monitoring, affected by the temporary drop in AAVE this morning, the market maker long positions whale (0x074) on Hyperliquid saw unrealized losses expand to 176% today, with an average price of 189 USD and a position size of about 1.2 million USD. This long order was opened on November 16. Earlier today, news emerged that the Aave community will initiate a vote on the “Transfer of Brand Asset Control to Holders” ARFC proposal on Snapshot tomorrow at 10:40, with voting continuing until December 26. According to some analysis, this proposal is interpreted by the market as a “decentralized measure to transfer brand assets to DAO management”, which, while raising concerns, also partly alleviated future elasticity expectations related to brand assets, leading to short-term repricing in the market.