Date: Wed, Sept 04, 2024, 09:41 AM GMT
In a crypto market dominated by bearish trends, Aave (AAVE) has emerged as a bright spot, defying the downturn with steady gains. Over the past 24 hours, AAVE is up by 1.56%, and its impressive 30-day performance shows a 20% increase, with the token currently trading at $132.72.
This positive momentum hasn’t gone unnoticed by big players in the market. According to data from Lookonchain, a major crypto whale has made yet another significant move, purchasing 50,604 AAVE tokens worth $6.78 million just 20 minutes ago. This latest acquisition brings the whale’s total holdings to 125,605 AAVE, valued at approximately $16.9 million. The average buying price for this stash is around $134.6 per token.
Interestingly, this isn’t the first time this whale has shown a strong interest in AAVE. On Aug 22 this whale spent 4,000 stETH (worth about $10.4 million) to acquire 77,270 AAVE at a price of $135 per token—all in just one day.
As AAVE continues to buck the broader market trend, the moves by this whale suggest a strong belief in the DeFi protocol’s potential, even as the rest of the crypto market remains shaky. Investors are now keeping a close eye on AAVE to see if it can maintain its upward trajectory in the coming days.
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