AAVE Explosion! A Surge Towards the $400 Mark!
Breaking News! The DeFi new star of the Trump family, World Liberty Financial, has spent $1 million to buy AAVE tokens, and the backing from institutional giants makes the future of this token shine even brighter!
Behind this surge is that those big players have finally decided to take their long-held tokens out for a spin! The tokens they had been hoarding are now flooding into the market, giving AAVE's price a shot of adrenaline!
On-chain data shows that those active traders have made substantial profits, earning 96% in just 30 days, and an incredible 290% return over a year! However, whether this bullish trend can continue depends on whether the big players are willing to keep releasing tokens into the market. If they become dissatisfied and decide to pull back, AAVE's bull market might just cool down.
AAVE's early supporter, Blockchain Capital, after two years of silence, suddenly deposited 16,964 AAVE tokens worth $5.06 million into FalconX! It's worth noting that they previously bought over 230,000 AAVE tokens at an average price of $82.9, and now they still hold over 210,000, which is nearly worth $80 million! This move is like a whale returning!
So, what are the catalysts behind AAVE's recent surge? Firstly, the V3 upgrade of Balancer exchange has brought stronger liquidity optimization and increased trading volume, elevating AAVE's liquidity to a new level. Coupled with the powerful collaboration between Aave and Balancer to create a 100% appreciation pool, AAVE's price has gained further momentum!
Secondly, Aave is set to launch on the Consensys-supported zk-rollup network Linea, which means AAVE will have higher scalability and lower transaction costs, able to handle more transactions and increase adoption.
Lastly, don't forget the backing from the Trump family's DeFi project, World Liberty Financial, which purchased $1 million worth of AAVE tokens at an average price of $297.8! This clearly indicates the level of optimism institutions have for AAVE!
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