Aave Founder Sells Over $6M in $AAVE – What’s Next for the Token?

The post Aave Founder Sells Over $6M in $AAVE – What’s Next for the Token? appeared first on Coinpedia Fintech News

Stani Kulechov, the founder of Aave, has recently sold off a large chunk of $AAVE tokens. Starting from February 26, Kulechov has sold 55,596 $AAVE, which is worth almost $6.70 million. As of now, the founder of AAVE holds the remaining balance of 243,900 $AAVE, worth $32.7 million. His recent sell-off paints a lack of confidence picture in the team. Currently, the AAVE token trades at $131 with a 1-year growth of 142%.