Whale sell-offs and community controversy cause AAVE price volatility, "Large-scale shorting of AAVE" whale opens a new 7x short position

BlockBeats News, December 24 — According to Hyperinsight monitoring, after the AAVE token experienced sharp price fluctuations due to whale sell-offs and escalating community disputes, the address starting with 0x3c7 opened a new 7x leveraged AAVE short position, with a position size of $2.42 million, an average price of $151, and a liquidation price of $173. Currently, it has a small unrealized profit of 17%, making it the largest AAVE short on Hyperliquid. In addition to this position, the address also has a limit short order of approximately $780,000 at $154, which has not yet been executed. Meanwhile, stop-profit and stop-loss orders have been set for the position: a take-profit order at $136 to reduce the position and a stop-loss order at $196 to cut losses.