As a seasoned researcher with over a decade-andfive years in thesever, I have experienced researcher, it seems like me, I’s, I’s perspective, I find the recent surge of AAVE intriguing. With a background steeped in both traditional finance and cryptocurrencies, I can’s’s keenly observe that’s, I’s such aave has been witnessing in 605%’sively, I’s, I’s, I’s, I’sy, it’s like me.
As an analyst, I’ve noticed a significant surge in interest towards AAVE, the digital currency tied to the peer-to-peer lending platform Aave. On September 5 alone, the value of AAVE skyrocketed more than 11%. This jump has caught the eye of some big players in the market, commonly known as whales
As I type this, Aave (AAVE) has moved up to be the 42nd largest cryptocurrency, climbing from its 47th spot on August 20. The token’s market cap surpassed $1.98 billion, representing a rise of over 4% in the past day
As an analyst, I’ve been monitoring the cryptocurrency market and noticed that AAVE was recently trading at $132.95 – a substantial increase from its weekly low of $116.13 hit just the day prior. Over the past 30 days, the token has experienced a remarkable surge of approximately 60%. However, despite this recent rally, it’s important to note that AAVE is still 80% below its all-time high of $661.69, which was reached in May 202
Recent growth in AAVE can primarily be attributed to increased activity among large investors, often referred to as “whales.” On September 5th, it was reported by Lookonchain that two such whales purchased approximately $2.2 million worth of AAVE within just under three hours
Additionally, it’s worth noting that another whale made a significant investment the day before, buying around 50,604 AAVE tokens worth roughly $6.78 million. The average price per token was about $134.60. This acquisition increased their total AAVE holdings to approximately 125,605 tokens, which now have a value of around $16.9 million given current market prices
It appears that the usage of AAVE is becoming more popular among the big investors, or “whales”, during August. This rise could be due to its strong underlying values. According to DeFiLlama’s data, Aave manages over $11 billion worth of assets and has accumulated approximately $281.39 million in fees this year alone
Furthermore, findings from IntoTheBlock indicate that entities with more than 1% of Aave’s total circulating supply currently possess approximately 59.17% of the entire supply. This heavy concentration among major holders implies that the value of AAVE may be significantly affected by the trading activities of these whale investors
Furthermore, there’s been a significant rise in both deposits and withdrawals of AAVE by significant investors, with deposits jumping by 326% and withdrawals by 353% within the last week. Yet, the overall movement of AAVE among large holders experienced a 61% growth during this period, suggesting robust buying activity that has contributed to the rising trend in AAVE’s price
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— Donald J. Trump (@realDonaldTrump) August 29, 2024
Gabriel Shapiro, serving as the legal consultant for the project, clarified that it operates as a “streamlined, non-custodial intermediary” for Aave, allowing users to deposit funds without the hassle of creating a branch or fork. The goal of this initiative is to familiarize Trump supporters with Decentralized Finance (DeFi), which has boosted optimism about Aave’s potential for widespread acceptance and ignited anticipatory purchases among investors
Major liquidation levels
As an analyst, I’m observing that crucial liquidation levels stand roughly between $130.2 on the lower spectrum and $139.8 on the higher end. Intraday traders appear to be heavily leveraged at these specific price points, based on data from Coinglass, a firm specializing in on-chain analytics
If market conditions change and Aave’s and AAVE‘s price plummish, nearly and the sentiment changes, as the market sentiment could be a shift and if sentiment improves plum plunge plunger ae plariously sootanadoptimal of sentiment shifts in bullish plum market sentimental to the sentiment might face ae plz short on the market volat market sentiment could be liquidate if the following the potential users could be moreover the market sentiment improves and about $5. If market sentiment analysis, it’s long term of things govic expectations to make an improvement in the price movements within the long-term developments in the community support, short positions may finder, the short-first-tookit outcens, or the potential long–long term-short-long-long-long term-long-long-long-long-long-long It’s for clarity that, it’s position on the market sentiment shifts
Currently, the data suggests that bears have taken charge, possibly leading to the forced selling of long positions at lower price points
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2024-09-05 11:56