Ethereum

Arbitrum

DeFi

Polygon

<p style="text-align: justify">You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/investors-increase-aave-holdings-despite-price-drop/" data-wpel-link="internal">Investors Increase AAVE Holdings Despite Price Drop</a><br></p>
<p style="text-align: justify">AAVE, a decentralized lending platform, experienced a noticeable increase in its TVL. This rise in TVL, despite recent events, is seen as a sign of investor confidence in the platform. Whales continued to accumulate AAVE despite recent <a href="https://finance.coin-turk.com/" data-wpel-link="exclude">price</a> drops, although AAVE has experienced a 20% decline in value so far.</p> 
<h2 style="text-align: justify" id="aave-price-drop">AAVE Price Drop</h2> 
<p style="text-align: justify">The lending platform AAVE, which holds a significant place in the DeFi <a href="https://newslinker.co/category/science/space/" target="_blank" rel="noopener" data-wpel-link="exclude">space</a>, saw a noticeable decline. However, towards the end of 2023 and into 2024, its TVL experienced a significant increase. According to data provided by DeFiLlama, AAVE’s TVL increased by over 100% in 2024, reaching $12.464 billion.</p> 
<p style="text-align: justify">Investors continued to lock their assets in the lending platform despite the token’s price drop, driven by a sense of security, leading to a noticeable increase in AAVE’s TVL.</p> 
<p><img loading="lazy" loading="lazy" decoding="async" class="aligncenter size-full wp-image-362259" src="https://coin-turk.com/wp-content/uploads/2024/06/aave-1-coin-turk-com.png" alt="" width="870" height="512"></p> 
<p style="text-align: justify">The largest impact on AAVE’s TVL came from WSETH, WBTC, and WEETH. Most of the locked assets came from the <a href="https://en.coin-turk.com/ethereum-transaction-costs-soar-with-new-token-standard/" data-wpel-link="internal">Ethereum</a> chain, with Arbitrum and Polygon taking second and third places, respectively. The increase in TVL indicates that AAVE’s recognition and adoption are growing day by day.</p> 
<p style="text-align: justify">According to data provided by Santiment, whales holding between 1 million and 10 million AAVE tokens increased their holdings by over 75% in 2024. This was revealed by Santiment’s supply distribution metric.</p> 
<p><img loading="lazy" loading="lazy" decoding="async" class="aligncenter size-full wp-image-362256" src="https://coin-turk.com/wp-content/uploads/2024/06/aaeve-75-con-turk-com.png" alt="" width="910" height="317"></p> 
<p style="text-align: justify">When examining whale transactions valued over $100,000 and $1 million, the Profit/Loss (NPL) indicators showed that these whales continued to trade at a loss in April, May, and June.</p> 
<p style="text-align: justify">Additionally, the Santiment chart revealed sudden spikes and occasional losses over the past three months.</p> 
<p><img loading="lazy" loading="lazy" decoding="async" class="aligncenter size-full wp-image-362257" src="https://coin-turk.com/wp-content/uploads/2024/06/aaevo-genisletme-coin-turk-com.png" alt="" width="898" height="301"></p> 
<h2 style="text-align: justify" id="aave-s-current-price">AAVE’s Current Price</h2> 
<p style="text-align: justify">The decline in AAVE deepened, with a 6.64% drop in the last 24 hours. Over the past seven days, AAVE’s price fell by 18%, according to Binance exchange data. Meanwhile, the supply of AAVE on exchanges has clearly increased, currently trading at $83.90.</p> 
<p style="text-align: justify">The supply on exchanges increased by over 4% as of June, highlighting the selling pressure on AAVE. This situation could trigger a larger sell-off in the DeFi token space.</p> 
<h5><span style="font-weight:bold;font-size:16px">The post first appeared on COINTURK NEWS: </span> <a href="https://en.coin-turk.com/investors-increase-aave-holdings-despite-price-drop/" data-wpel-link="internal">Investors Increase AAVE Holdings Despite Price Drop</a></h5>

Investors Increase AAVE Holdings Despite Price Drop

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