Whales dump $120 million in Solana, Aave and Aster as crypto market slides

The crypto market has experienced major volatility over the past 24 hours, causing even whales to lose ￰0￱ whales have dumped Solana, AAVE, and ASTER, moving over $120M in assets to ￰1￱ cryptocurrency market is in a bloodbath after recording a 5% decline ￰2￱ has brought the market cap down to $3.5 trillion from an all-time high of over $4.3 trillion. Solana, Aave, and Aster all contributed to the fall, with double-digit percentage declines of 19%, 26%, and 32%, respectively, over the last 7 ￰3￱ a result, investors decided to book profits as equity market fears weighed on confidence in crypto ￰4￱ coordinated whale dump across different wallets The sell-off is widespread across asset ￰5￱ to blockchain data, a Solana whale that had previously successfully traded meme coins sold 61,845 SOL, worth approximately $11.5 million, over four hours on ￰6￱ whale who nearly faced liquidation in April while using a looped borrow strategy to go long on AAVE has now opted to ￰7￱ to on-chain analytics platform Arkham, over eight hours, the whale sold 88,227 AAVE worth $19.8 million to repay all outstanding loans and exit the leveraged position.

Additionally, a whale that previously held 64.535 million ASTER has been systematically transferring its holdings to the Binance ￰8￱ the past week alone, he moved 58.608 million ASTER, worth $92.25 ￰9￱ fact, he appears to be nearing a full exit. Also, an entity that participated in the World Liberty Financial public sale and later accumulated Aster has now transferred its 8.282 million token holding back to ￰10￱ the recent market volatility and extended downtrend, the Aster whales have an unrealized loss of more than $5 ￰11￱ that end, the coordinated selling across different wallets and assets suggests that whales are lowering their risk, taking profits where available, and cutting losses where necessary, underscoring the persistent risk-off sentiment.

meanwhile, Solana has seen an 8.4% decline in the last 24 hours, now trading at $179.09. Aave is down 16%, now trading at $203.28. Aster is down 19%, now trading at $1.07. The crypto market crash fuel This week’s downturn wasn’t just another random ￰12￱ came on the heels of escalating trade tensions between the US and China, after renewed tariff threats rattled global ￰13￱ fell, commodities softened, and crypto, which often reacts first to macroeconomic uncertainty, followed suit.

However, while global news played its part, deeper reasons for the crypto crash also ￰14￱ traders were over-leveraged, betting heavily on continued ￰15￱ prices slipped, automatic liquidations triggered a cascade of ￰16￱ in futures positions were wiped out in hours – a reminder that volatility in digital assets remains one of its defining ￰17￱ sentiment also took a hit from fears over tighter regulation, profit-taking after a strong quarter, and algorithmic trading amplifying every move. Additionally, delays in crypto ETF approvals due to the ongoing US government shutdown contributed to the crypto market crash ￰18￱ applications for Solana and XRP ETFs remain stalled, which has affected investor ￰19￱ delay weighed on institutional sentiment, which was already weakened by outflows from Bitcoin and Ethereum ￰20￱ showed a surge in ETF outflows this week, signaling weak demand among large investors.

“ETF outflows suggest a lack of sustained buying interest,” noted analyst Carol ￰21￱ further eroded market stability and pushed cryptocurrencies lower throughout the ￰22￱ seen where it ￰23￱ in Cryptopolitan Research and reach crypto’s sharpest investors and builders.