AAVE's continuous fall has led to market makers on Hyperliquid being liquidated repeatedly, and the founder's "self-funded market rescue" has already incurred unrealized losses of 2 million USD.

On December 23, according to HyperInsight monitoring, in the past 15 hours, affected by the continuous decline of AAVE yesterday and this morning, the market maker long positions whale (0x074) on Hyperliquid faced multiple liquidations and got liquidated, with a short-term close position scale of about 1.19 million USD. This long order was opened on November 16, with an average price of 189 USD. According to on-chain analyst Yu Jin's monitoring, Aave founder Stani Kulechov once again purchased AAVE tokens this morning. Stani withdrew 1699 ETH (about 5.17 million USD) from CEX early today and bought 32,658 AAVE at an average price of about 158 USD. Notably, this is already the second time Stani has bought the dips recently. As early as December 16, when the governance conflict between the Aave development team and the community DAO escalated, he had already started buying. According to statistics, since this round of governance disputes, Stani has cumulatively used 5000 ETH (about 14.84 million USD) to buy 84,033 AAVE in batches, with an average comprehensive cost price of about 176.6 USD. He currently holds 84,033 AAVE, valued at 12.6 million USD, with unrealized losses of about 2 million USD. Early yesterday, it was reported that the Aave community will open a vote on the “Transfer of Brand Asset Control to Token Holders” ARFC proposal on Snapshot tomorrow at 10:40, and the voting will continue until December 26. The second-largest whale address holding AAVE sold 230,000 AAVE (approximately 38 million USD) before this news was released, causing the AAVE price to temporarily drop over 12%.