Crypto whales have shown heightened interest in Aave amid market volatility. According to the latest data, institutional investors have purchased over 62 million AAVE tokens in the last 72 hours.
Whale Purchases: Deal Details
In a stable price range, investors known as whales snapped up a significant amount of AAVE tokens. Such acquisitions decrease selling pressure and indicate a potential upward trend. For example, World Liberty Financial, a crypto project owned by President Trump, purchased tokens worth $6 million, reflecting optimism about AAVE's long-term growth.
Current AAVE Price Updates
After recent price declines, the sentiment on the Aave market is turning positive. The token shows signs of recovery, which may suggest upcoming bullish movements. Its current price stands at $318.54, up 0.2% on the previous day, though it has fallen 3.1% over the past month.
Reasons for Growing Optimism
Despite recent declines, AAVE shows potential for upward movement. A substantial outflow of tokens from exchanges indicates active acquisition by long-term holders, potentially creating buying pressure and a price upswing. Furthermore, the Long/Short Ratio stands at 1.14, showing expectations towards a price increase. The token's trading volume over the last 24 hours rose by 64.60%.
The active purchase of AAVE tokens by crypto whales and growing optimism indicate a potential onset of a bullish trend. Expert projections suggest a significant price increase for the token in the future.
