The leader of a blockchain lending network who recently bought real estate in the UK has sold off some of his Ethereum holdings as the market continues to lose a year’s worth of profits in just one week.
Aave founder Stani Kulechov offloaded approximately 4,503 Ether late Thursday as the token fell below the $2,000 level. The sale was reported by cryptocurrency market transaction monitoring account Lookonchain, which cited data from Arkham Intelligence that confirmed the stash sold for approximately $1,857 per coin.
Aave founder Stani Kulechov (@StaniKulechov) sold 4,503 units $ETH($8.36 million) $1,857 about 6 hours ago. https://t.co/JzvxKgQqGD pic.twitter.com/VmuLThoAWt
— Lookonchain (@lookonchain) February 6, 2026
The address that Arkham attributes to Kulechov indicates that Ethercoin was sold through multiple swaps via the CoW protocol settlement agreement.
At the time of writing, the second-largest coin by market capitalization was trading at around $1,963. That price level is a slight price correction; $ETH Kulechov sold the coin for more than its value.
Sold by Aave Boss $ETH In the snowy cryptocurrency winter
According to Arkham Intelligence records, an address starting with 0x8036e34d believed to belong to Kulechov sent wrapped ether (WETH) in at least five chunks to the CoW Protocol: Settlement within the last three hours of Thursday night.
The relocation was followed by a nearly matched influx. $USDC Return to the same wallet. This indicates that Kulechov was performing a swap. The largest leg of the series shows that 2,084,000 WETH was sent to a CoW settlement address approximately 6 hours before Lookonchain’s report.
Another tranche included 1.012 million WETH routed to the settlement agreement, followed by 1.884 million WETH. $USDC 792.509 Reverse flow by exchanging additional leg of WETH to 1,462,000 $USDC479.437 WETH for 884,681 $USDC.
Another transfer in the same Arkham view shows 6.349K $ETHworth approximately $12.21 million, from “Gnosis Safe Proxy (0xe70)” to 0x8036e34d… Go to wallet. The deposit appeared 8 hours before the screenshot. This was just before the WETH to – sequence.$USDC Exchange.
The five WETH outflows totaled 4,503.6 WETH, with a total transaction totaling approximately $8.36 million nominally executed.
$ghost Holdings lead Stanley Kulechov’s portfolio
According to Aave CEO, portfolio At Arkham, $ghost is a major asset on a value basis. This address currently holds 84,034,000 coins worth approximately $8.98 million, with a token price of approximately $106.83.
Ether exposure on the same portfolio screen was relatively small after the sale. The wallet displayed 20.151 $ETH worth $39,570, $ETH Marked $1,963.79.
The displayed stablecoin balance was modest compared to the total swaps moved within the address. The wallet had 17,477,000 USDT and 10,767,000 listed. $USDC.
Several smaller altcoin positions also appeared in the portfolio, including 746.487 ILV worth $2,760, 15.023 million CULT worth $2,550, 10.819 million THALES worth about $1,620, and 11.71 million BZZ worth a total of $1,490.
Krechov’s profile The total value is approximately $9.06 million, which has changed by -13.44%, or -$25.89,000 over the past 7 days.
Ether accounted for most of the portfolio decline. January 30th, $ETH Listed at $3,001.66 on 20.08 $ETH The value is $60.27,000. By Friday, $ETH Same $20.08 listed at $2,142.53 $ETH The total amount is $43.02,000.
The net change column recorded a decline of $17.25,000. $ETH On its own, the holding remains unchanged, matching a price change of -$859.13 or -28.62%. The balance is a loss counted during the decline in asset prices before Mr. Kulechov decided to cash out.
