Since upgrading its economic model, AAVE has become one of the most impressive DeFi tokens ($90→$135).

However, it seems that Aave founder Stani Kulechov has been selling AAVE through liquidity provider Cumberland recently.

Since 5/24, the multi-signature address 0xe70...f08 marked by Nansen as Aave founder Stani Kulechov has transferred a total of 37,907 AAVE ($4.51M) to Cumberland through multiple transactions and sold in exchange for ETH and USDC, with an average selling price of $119.

The address currently holds 242,429 AAVE ($32.4M).

Address: 0xe705b1d26b85c9f9f91a3690079d336295f14f08