Date: Wed, Sept 04, 2024, 10:36 AM GMT
Aave (AAVE) is standing out in an otherwise bearish cryptocurrency market, showing resilience with a 1.56% increase in the last 24 hours and a 18% rise over the past 30 days. Currently, AAVE is trading at $129.90, which has attracted attention from major investors.
Lookonchain has reported that a significant crypto whale has once again loaded up on AAVE, purchasing 50,604 tokens worth $6.78 million just 20 minutes ago. This addition boosts the whale’s total AAVE holdings to 125,605 tokens, valued at approximately $16.9 million. The average price paid for these tokens is around $134.6 each.
This whale has been bullish on AAVE for some time now. Recently, they invested 4,000 stETH, or about $10.4 million, to buy 77,270 AAVE at $135 per token, all within a single day.
As AAVE continues to outperform the broader market, this whale’s confidence in the DeFi protocol could be a signal to other investors. With the rest of the market in decline, AAVE’s ongoing strength is something to watch closely.