Aave [old]

AAVE, the leading<a href="https://coinsprobe.com/web-stories/top-10-dao-cryptocurrencies-to-watch-out-for-bull-run/" rel="noopener noreferrer nofollow"> DAO token</a>, is on a bullish streak, recording significant gains in the cryptocurrency market. Over the past seven days, the AAVE token has surged by 36.54%, with a 5.27% increase today alone, bringing its trading price to $133.52. The token&#39;s market capitalization now stands at an impressive $1.98 billion.<img src="https://academy-public.coinmarketcap.com/srd-optimized-uploads/3f0e2e12ccbf430c95a7a6e955e9b888.png" /><h3 id="whale-accumulation-driving-aave-39-s-rally">Whale Accumulation Driving AAVE&#39;s Rally</h3>One of the key factors behind AAVE&#39;s recent surge is the significant accumulation by cryptocurrency whales. According to monitoring by Lookonchain, whales have been actively purchasing large amounts of AAVE, signaling strong confidence in the token&#39;s future potential.<img src="https://academy-public.coinmarketcap.com/srd-optimized-uploads/98b540262e934521b45dd3e63ddc7755.png" />Source: LookOnChainIn the past seven hours, a whale identified by the wallet address 0xa923 spent 2,575 stETH (approximately $6.65 million) to buy 50,908 AAVE tokens at an average price of $131. Similarly, another whale with the address 0x0945 spent 563 ETH (around $1.45 million) to acquire 11,101 AAVE tokens at $130 just five hours ago.The buying spree doesn&#39;t stop there. On August 20th, two additional whales collectively purchased 31,407 AAVE tokens, valued at $3.92 million, in just four hours. This wave of whale accumulation has fueled AAVE&#39;s price momentum, driving it upward with strong bullish sentiment.<h3 id="market-impact">Market Impact</h3>The whale activity has not only pushed AAVE&#39;s price higher but also reinforced its position as a leading DeFi token. As large investors continue to accumulate AAVE, the market is likely to see continued price growth and increased interest in the token.With AAVE&#39;s price showing strong <a href="https://coinsprobe.com/aave-goes-high-following-major-breakout-is-200-on-the-horizon/" rel="noopener noreferrer nofollow">upside momentum</a>, it will be interesting to see how the market responds in the coming days. For now, all eyes are on the whales as they continue to influence AAVE&#39;s impressive rally.Disclaimer: The information provided in this article is for informational purposes only and should not be considered financial advice.

AAVE Marks Significant Gains Following Whale Accumulation

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