AAVE faces a $100 test after Revolut’s $6.44M transfer: Can buyers stay in control?
Revolut transferred more than $6.44 million worth of $AAVE from its cold wallets to Coinbase within a single day, shifting away from its previous pattern of selling through hot wallets.
The change revived concerns over fresh exchange-bound supply and tested the market’s ability to absorb large transactions.
However, this transfer alone did not trigger an immediate breakdown in price structure. Instead, traders continued evaluating whether the movement represented profit-taking or routine treasury management.
The scale of the deposits still attracted attention because cold wallet transfers often signal a stronger intention to move assets toward exchanges.
#Write2Earn #AVAX✅ $AAVE
Revolut transferred more than $6.44 million worth of $AAVE from its cold wallets to Coinbase within a single day, shifting away from its previous pattern of selling through hot wallets.
The change revived concerns over fresh exchange-bound supply and tested the market’s ability to absorb large transactions.
However, this transfer alone did not trigger an immediate breakdown in price structure. Instead, traders continued evaluating whether the movement represented profit-taking or routine treasury management.
The scale of the deposits still attracted attention because cold wallet transfers often signal a stronger intention to move assets toward exchanges.
#Write2Earn #AVAX✅ $AAVE