Aave Founder Stani Kulechov Increases AAVE Holdings Amid ETH Sales

Stani Kulechov, the founder of Aave, has recently sold 1,700 ETH, valued at $3.53 million, to acquire 30,727 AAVE tokens. According to NS3.AI, this transaction is part of a broader strategy involving the sale of 6,204 ETH, worth nearly $11.88 million, since the previous day. Kulechov is actively reallocating his holdings by converting substantial amounts of ETH into other assets, with a notable increase in his AAVE token holdings.