AAVE recently surpassed the $300 mark, driven mainly by the resurgence of dormant coins. This development highlights growing institutional interest in decentralized finance (DeFi).
Blockchain Capital Token Transfers
Blockchain Capital transferred 16,964 AAVE tokens to the FalconX platform, followed by exchanges OKX and Binance. This move underscores a strategic shift to more liquid markets. The company also secured 233,256 AAVE tokens from Anchorage Digital for $64 million, indicating confidence in AAVE as a significant player in DeFi.
World Liberty Financial Acquisitions
World Liberty Financial purchased $12 million worth of cryptocurrencies, including 2,631 ETH, 3,357 AAVE, and 41,935 LINK. This marks the fund's first acquisition of AAVE and LINK, reflecting growing trust in DeFi. The fund's portfolio now totals $63.95 million, indicating deep involvement in the crypto space.
AAVE's Price Rise to $300
AAVE's price rose above $300 for the first time since November 2021, driven by a surge in previously inactive coins entering the market. This reflects increased interest from major players, and AAVE saw a 33% gain over the past 30 days and 109% over the last year.
AAVE's achievements underline the growing institutional interest in DeFi and crypto space. A stable market will underpin further growth.
