TLDR

Aave founder Stani Kulechov sold 4,503 Ether worth $8.3 million as the price of Ethereum fell below $2,000.
The sale occurred after Ethereum experienced a significant price drop, with ETH trading at around $1,857 per coin.
Kulechov’s Ether transactions were executed through several swaps, routing assets into USDC.
The Aave founder’s Ethereum holdings had dropped significantly in value, down from $60,000 to $43,000 in January.
Aave remains Kulechov’s primary asset, with 84,034 AAVE tokens still valued at nearly $9 million.

Stani Kulechov, the founder of the Aave blockchain lending network, recently liquidated a portion of his Ether holdings as the price of ETH dropped below $2,000. Kulechov sold approximately 4,503 Ether, valued at around $8.3 million, during a week when the market saw a sharp decline in crypto prices. The transaction, flagged by Lookonchain, indicates that Kulechov’s decision was tied to a significant drop in ETH’s value.

Kulechov’s Ether Sale at $1,857 per Coin

Stani Kulechov offloaded 4,503.6 Ether late Thursday as Ethereum’s price slid below $2,000. According to Arkham Intelligence, the sale occurred at an average price of about $1,857 per coin. The transactions, routed through the CoW Protocol’s settlement contract, were executed in several swaps over the course of a few hours.

Stani Kulechov(@StaniKulechov), the founder of Aave, sold 4,503 $ETH($8.36M) at $1,857 about 6 hours ago.https://t.co/JzvxKgQqGD pic.twitter.com/VmuLThoAWt

— Lookonchain (@lookonchain) February 6, 2026

The largest transaction in the series involved 2.084K WETH (Wrapped Ether), followed by 1.012K WETH and additional smaller tranches. Each swap resulted in the conversion of Ether to stablecoins, with USDC being the main recipient. A total of 1.462 million USDC flowed back to Kulechov’s wallet from the 792.509 WETH swap, while 884,681 USDC came from 479.437 WETH.

Ethereum’s Market Decline and Kulechov’s Exposure

The Ether market has experienced significant volatility in recent days, with ETH’s price slipping to around $1,963 at the time of reporting. This price correction comes after a sharp decline from over $3,000 earlier in the year. Kulechov’s Ether holdings had already diminished in value due to the market downturn.

Before the recent sale, Kulechov held around 20.08 ETH, valued at $43,000, down from over $60,000 in late January. The Aave founder’s portfolio also contains a significant number of AAVE tokens, which are his leading asset. As of now, his AAVE holdings amount to 84.034K coins, valued at nearly $9 million.

Aave’s Position and Kulechov’s Portfolio Adjustments

The portfolio of Kulechov, as reported by Arkham Intelligence, shows AAVE as the dominant asset by value. Despite the Ether sales, Kulechov’s holdings in AAVE remain intact. The portfolio also includes smaller altcoin positions such as ILV, CULT, and THALES, though these form a small part of his overall crypto assets.

While the sale of Ether marked a significant adjustment to Kulechov’s portfolio, his primary asset continues to be AAVE. The recent shift in the market price of Ether has likely influenced his decision to liquidate part of his holdings. However, the value of his AAVE tokens remains more resilient than his ETH exposure in this current market downturn.

The post Aave Founder Sells 4,503 Ether Worth $8.3M Amid ETH Price Dip appeared first on CoinCentral.

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Filed under: News - @ February 6, 2026 1:28 pm