Summary
- AAVE nosedived 20% in 2024 despite a 100% increase in total assets locked on the platform.
- Whales holding between 1 million and 10 million AAVE increased their holdings by over 75% in 2024.
- AAVE whales distributed their holdings at losses in the past three months.
- Despite the increase in assets locked, AAVE extended losses, wiping out nearly 5% of its value.