Stani Kulechov strengthened his position in Aave: a bet of over 5 million in AAVE

The founder of Aave, Stani Kulechov, made a significant move in the market by withdrawing 1,699 ETH ( approximately $5.17 million ) from an exchange platform just over six hours ago. Using these funds, he proceeded to accumulate 32,658 AAVE tokens at an average price of $158 per unit.

A clear signal in times of volatility

This move draws particular attention considering the current context of the crypto market. During a period where uncertainty and caution dominate the crypto winter landscape, Aave creator’s decision to substantially increase his exposure to the protocol suggests a remarkable confidence in the project’s long-term prospects.

Operation analysis

The transaction represents more than a simple purchase: it is a statement of intent. By maintaining a significant position in the native token of his own protocol, Kulechov aligns his incentives with those of investors and the community. With AAVE currently trading around $165.21, the operation reinforces the narrative that founders see opportunities even in challenging markets.

The withdrawal of Ethereum for an equivalent amount of ETH funds, whose price is currently around $3.12K, demonstrates a strategic reallocation of capital toward the Aave ecosystem. This type of movement is often interpreted as a bullish indicator within the crypto community, especially when it comes from key figures of the protocol.