Whales and Smart DEX Traders Accumulate AAVE
The AAVE market saw significant purchases during a recent price dip, as whales and Smart DEX traders re-entered the market to strengthen their positions. One whale purchased 96,800 AAVE for $17.8 million, averaging a price of $183.4 per token.
A recent inflow of 9,702 AAVE, acquired for $3.18 million in GHO and WBTC, highlights ongoing interest from large investors, even as the price remains under pressure. This strategy resulted in an unrealized gain of $15.31 million for the whale, reflecting an 86.2% increase in value. This accumulation suggests confidence in future price growth or stability at current levels.

Major Purchases During the Dip
Re-entry of Large Players
Whales and Smart DEX traders re-entered the market after previous sales at prices around $368 and $381. Over $3.2 million worth of AAVE was purchased in a single day.
Whale '0xe823' realized a profit of $118,000, achieving a return of three to four times the initial investment.Another trader, '0xfcc5,' reinvested $1.4 million, achieving a return of 3.2 to 3.3 times and now controls 963,000 AAVE valued at $331.60 million.Trader '0xb040' re-entered the market with a purchase of $679,000 worth of AAVE after realizing a 3.8x return on their initial investment.
This pattern of purchases indicates investor confidence in a near-term price recovery, boosting the likelihood of future gains.

Key Levels and AAVE Price Predictions
Critical Price Zones
The current price of AAVE hovers above a significant support level around $300, known as the Fair Value Gap (FVG). This level is considered a crucial point of reversal that could fuel further price growth.
If AAVE maintains its momentum and stays above this level, it could see substantial upward movement. Increasing purchase volumes and a bullish crossover on the MACD indicator confirm the potential for a continued uptrend. A path to $500 by 2025 appears increasingly likely.
Profitability of Addresses and Investor Confidence
Growing Share of Profitable Addresses
The average profitability of addresses reveals that 23.29% of investors are “in the money”, significantly higher than 11.61% “out of the money”. Additionally, a 10% increase in profitable addresses, reaching 33.72%, signals strong support around the current price level of $340.71.

If this trend continues and selling pressure remains low, AAVE’s price could stabilize or even surpass $500 by 2025, driven by positive investor sentiment and sustained demand.

#AAVE , #cryptowhales , #CryptoMarketMoves , #cryptomarkettrend , #cryptonews

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XRP Price Prediction For December 19
XRP’s price is currently trading between two key levels: strong support around $2 and resistance between $2.90 and $3.
This $3 level has been a tough barrier for XRP, and the price hasn’t yet broken down the overall bullish trend, despite some short-term pullbacks.
Right now, XRP is in a sideways consolidation phase, and it appears to be staying within this range for the time being.
Key Fibonacci Levels
The key Fibonacci levels have been met, but there could still be a small dip before any further upward movement.
The price has maintained an overall bullish trend, with the possibility that the price bottomed around $1.90 in 2020, and we’re now seeing an upward movement that could continue.
Bullish Flag Breakout
According to analyst Josh of Crypto World, XRP recently broke out from a bullish flag pattern, signaling short-term upward movement.
Even with a small pullback, the price is still above the breakout point, meaning those who entered the trade are still in profit.
The price target for this breakout is around $3.80, which suggests a potential 47-48% increase from current levels.
Resistance Levels to Watch
However, resistance levels remain important. If XRP hits the $2.90-$3 range, it could struggle to move higher. Therefore, while the bullish target is in play, other factors need to be considered.
Short-Term Support and Resistance
XRP is bouncing from short-term support around $2.50. If it falls below this level, the next support is around $2.38. The analyst said that a drop below $2.38 would invalidate the current bullish outlook.
It is important to note that at the time of writing, XRP is trading at $2.36 level. Short-term resistance to watch includes levels around $2.70, $2.78, and $2.85. If XRP breaks these levels, it could face more resistance near $2.90-$3.
Conclusion
Overall, XRP is still stuck in its current price range, with no clear breakout yet. The price is likely consolidating before making another move upward, but we should wait for the market to stabilize before making any conclusions, especially after the recent Fed decision.
#XRP_ETF #XRP #Cryptocurrency #CryptoMarketTrend #CryptoNews

According to data shared by the tracking platform Shibburn, a massive amount of SHIB tokens was permanently destroyed on December 16 within a 24-hour period. However, this significant increase in SHIB burning had no positive impact on its price, which instead dropped by nearly 4% over the last day, despite Bitcoin (BTC) reaching a new all-time high of $106,488.

SHIB Burn Rate Surges by 1,987%
Data from Shibburn shows that the SHIB burn rate saw a dramatic increase of 1,987% on December 16 within a 24-hour period. This surge was made possible by burning a total of 20,035,968 SHIB, which were removed from circulation thanks to the efforts of the SHIB Army community.

The largest transaction transferred 11,196,225 SHIB to a burn wallet.The second-largest transaction burned 8,804,670 SHIB.

Interestingly, while the 24-hour burn numbers surged, the weekly burn rate saw a sharp drop of 92.69%. Over the past 7 days, 175,061,914 SHIB were burned, compared to 20,035,968 SHIB in the last 24 hours – nearly a ninefold difference.
In total, 410,742,797,923,452 SHIB have now been burned from the original quadrillion supply, thanks to the combined efforts of the SHIB community and Ethereum co-founder Vitalik Buterin.
The SHIB Burn Dilemma
Currently, there are 584,022,313,308,516 SHIB tokens still in circulation. Many members of the SHIB community are urging the development team to accelerate the burn process. The reasoning is simple: the smaller the supply, the rarer the token becomes. This could help drive SHIB’s price upward, bringing the community closer to the long-sought goal of $1 per SHIB.
Shibarium’s Role in the Burn Process
The SHIB development team, including lead developer Shytoshi Kusama, has repeatedly explained that the burn rate does not depend solely on their efforts. Instead, it relies on activity on the Shibarium network.
Higher user activity on Shibarium generates more gas fees, paid in the BONE token.A portion of these fees is used to burn SHIB, gradually reducing its overall supply.
Thus, for the burn rate to accelerate, Shibarium must achieve greater adoption and increased user activity.
Conclusion
Although over 20 million SHIB were burned in the last 24 hours, the token's price has yet to react positively. The SHIB community continues to call for a faster burn process, while the development team emphasizes the key role of Shibarium in achieving this goal. Reaching the $1 target for SHIB remains a challenge that requires both community participation and technological progress.

#SHIBburn , #Shibarium , #CryptoMarketTrend , #shiba⚡ , #ShytoshiKusama

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Solana (SOL) recorded the highest daily net inflow of $12 million on December 15, outpacing all other major blockchains, including Sui, Base, Arbitrum, and Ethereum. This achievement reaffirms Solana's strong position among the top blockchain networks.
Solana Back at the Top
According to data from Artemis.XYZ, Solana ranked as the top-performing network in terms of daily net inflow among the 20 largest blockchains on December 15. Its $12 million net inflow exceeded the combined inflows of Arbitrum (ARB) and Sui (SUI), which took second and third place.
Arbitrum recorded a net inflow of $5.9 million.Sui came in third with $5.3 million.Other notable performers included OP Mainnet ($2.2 million) and Base ($2.1 million).

At the other end of the spectrum, Ethereum (ETH) saw a net outflow of $25.4 million, placing it last.
Solana Defies Market Trends
Unlike previous instances, Solana's recent growth in inflows was not driven by meme coin activity. Pump.fun, a popular meme coin launchpad on the Solana blockchain, reported only a minor revenue decrease of 6%, dropping from $2.67 million on December 14 to $2.51 million on December 15.
This contrasts with Pump.fun's November peak of $14.3 million, as its current revenues remain below $5 million.
Solana’s Key Achievements in 2024
Solana continues to establish itself as one of the leading blockchain networks, with notable milestones including:
83% Growth: According to crypto.news, Solana was recognized as the fastest-growing blockchain of 2024.Record Trading Volume: In November, Solana achieved a monthly decentralized exchange trading volume of $109.73 billion, becoming the first blockchain in crypto history to surpass the $100 billion mark.All-Time Highs: Solana’s price reached a historic high of $263.21 on November 23 after rising nearly 9% and breaking above $200 for the first time in seven months.
Solana’s Current Status
As of today, Solana is trading at $220.76, reflecting a 2% increase in the past 24 hours. The network’s market capitalization stands at approximately $105 billion, with a fully diluted valuation exceeding $130 billion.
This performance underscores why Solana remains one of the leading players in the blockchain ecosystem.

#Solana_Blockchain , #CryptoMarketMoves , #CryptoNewss , #BlockchainTechnology , #CryptoMarketTrend

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Why Bitcoin Could Overtake Gold, According to Cathie Wood

Cathie Wood believes Bitcoin’s decentralized nature makes it a stronger asset than gold in the digital era.Jerome Powell compares Bitcoin to digital gold, emphasizing its role as a store of value in a growing market.
CEO of ARK Invest, Cathie Wood, has underlined once more her conviction that Bitcoin has more value and relevance than gold. The expected appointment of Paul Atkins as the U.S. Securities and Exchange Commission (SEC) new chairman fuels her hope.
Renowned for his crypto-friendly approach, Atkins is expected to create a legal climate that supports creativity in the digital asset market.
Given the difficulties Gary Gensler’s current regulatory environment presents, Wood sees this as a chance for Bitcoin to confirm its place as a pillar of the global financial ecosystem.
Bitcoin: A Digital Gold for the Modern Era
Complementing this story, recent remarks made by Federal Reserve Chairman Jerome Powell have attracted more interest in the possibilities of Bitcoin.
Emphasizing its function as a store of value rather than a direct rival of the U.S. dollar, Powell likened BTC to a digital form of gold.
Given the gold market’s valuation of about $15 trillion and Bitcoin’s current market cap of around $2 trillion, the discrepancy highlights Bitcoin’s early growth stage.
Many institutional investors share Powell’s recognition of Bitcoin’s growing relevance as a major actor in the financial scene.
According to Wood, in the digital era, Bitcoin is a better substitute for gold because of its limited availability and distributed character.
Under Atkins’s guidance, the increasing institutional acceptance and legal certainty are expected to drive significant growth for Bitcoin.
Moreover, Wood emphasizes that Bitcoin is a revolutionary financial tool since its natural qualities fit the changing needs of a digital-first global society.
The recent surge in Bitcoin’s value, surpassing the $100,000 barrier for the first time, demonstrates its increasing velocity. Analyzes credit this milestone on Powell’s comments as well as the expected legislative change under Atkins.
These events have not only raised investor confidence but also positioned Bitcoin as a more solid rival to conventional assets like gold.
For Wood, these elements support her belief that the development narrative of Bitcoin is merely starting.
Previously, CNF noted Wood claimed Bitcoin might become a strong competitor to gold as a safe-haven investment during turbulent times for the economy.
She underlined Bitcoin’s exceptional performance throughout the financial crisis and its long-term upward tendency compared to gold.
#CathieWoodWisdom #BitcoinVsGold #BTC☀ #CryptoMarketTrend #CryptoNews