Whales Add $3 Million in AAVE as Governance Uncertainty Pressures Price

The AAVE price has been under steady pressure. The token is down nearly 5% over the past 24 hours and more than 18% over the past seven days. That weakness has played out alongside ongoing DAO governance disputes and renewed sell-off fears.

On the surface, this looks like a distribution. Exchange balances are rising, and sentiment has cooled. But under the hood, something does not line up. While supply is moving toward exchanges, large holders have quietly stepped in, treating the sell-off as an entry point rather than an exit. The question now is simple. What bullish setup are whales positioning for while the market focuses on governance risk?

Aave’s sell-off did not appear out of nowhere. Governance tensions have been building for weeks, creating uncertainty around revenue flows and DAO control. That uncertainty has shown up clearly in on-chain supply data.