World

Liberty

DeFi

FalconX

Million

<p><a href="https://www.thecoinrepublic.com/2024/12/09/aave-crypto-hits-record-lending-volumes/" rel="noopener noreferrer nofollow">AAVE’s</a> price surpassed $300, fueled by a surge in dormant coins re-entering circulation.</p>
<p>Blockchain Capital sent 16,964 AAVE tokens, worth $4.71 Million, to the FalconX platform. These tokens were redirected to two big exchanges: OKX and Binance.</p>
<p>This move marked a strategic shift for Blockchain Capital holding its investments in markets that were more liquid as decentralized finance (DeFi) asset interest grows.</p>
<p>With the growing demand for liquidity on Ethereum’s DeFi platforms, this transfer stood out.</p>
<p>This also showed that Blockchain Capital remained confident in AAVE crypto, an important DeFi player.</p>
<p>Additionally, Blockchain Capital secured 233,256 AAVE tokens from Anchorage Digital. The tokens were bought for $64 Million almost two years ago, at an average price per token of $274.50, the official said.</p>
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   <p lang="en" dir="ltr">3 hours ago, Blockchain Capital (<a href="https://twitter.com/blockchaincap?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">@blockchaincap</a>) transferred 16,964 <a href="https://twitter.com/search?q=%24AAVE&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$AAVE</a>, worth $4.71M, to <a href="https://twitter.com/hashtag/FalconX?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#FalconX</a> and redirect the <a href="https://twitter.com/search?q=%24AAVE&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$AAVE</a> to <a href="https://twitter.com/hashtag/OKX?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#OKX</a> and <a href="https://twitter.com/hashtag/Binance?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#Binance</a><br><br>They have accumulated 233,256 <a href="https://twitter.com/search?q=%24AAVE&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$AAVE</a> from Anchorage Digital, worth $64M at an average price of $274.5 each, 2 years ago.<br><br>Currently,… <a href="https://t.co/kumIfkjmse" rel="noopener noreferrer nofollow">pic.twitter.com/kumIfkjmse</a></p>— Onchain Lens (@OnchainLens) <a href="https://twitter.com/OnchainLens/status/1867006804477288719?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">December 12, 2024</a>
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<p>Large-scale issuance from Tether and movements from Blockchain Capital all suggested that institutions were becoming more attracted towards DeFi assets.</p>
<p>Growing even stronger, the DeFi market now saw Blockchain Capital hold 216,292 AAVE tokens, valued at roughly $64.4 million.</p>
<p>The actions of Blockchain Capital have signaled greater institutional engagement with the DeFi ecosystem.</p>
<p>In order to capitalize on AAVE’s increasing market potential, Blockchain Capital moved large sums of AAVE crypto onto high liquidity platforms.</p>
<p>This activity showed how important Ethereum was for DeFi as it improved the space by congregating all into one stable form of value.</p>
<h2 class="wp-block-heading" id="h-world-liberty-financial-purchases-12-million-in-eth-aave-and-link"><strong>World Liberty Financial Purchases $12 Million in ETH, AAVE, and LINK</strong></h2>
<p>World Liberty Financial purchase consisted of 2,631 ETH worth $10 Million. 3,801 per ETH, 3,357 AAVE tokens, and 41,935 LINK, each worth $1 Million.</p>
<p>It was the first time WLF purchased AAVE and LINK, showing its increasingly affirmative opinion of decentralized finance (DeFi) assets.</p>
<p>The fund spent $30 Million in USDC to purchase 8,105 ETH at an average price of $3,701 ETH.</p>
<p>These purchases showed that the fund was increasingly comfortable with the value of these digital assets and growing its DeFi portfolio.</p>
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   <p lang="en" dir="ltr">U.S. President-elect Donald Trump's World Liberty Financial (<a href="https://twitter.com/worldlibertyfi?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">@worldlibertyfi</a>) has spent $12M on <a href="https://twitter.com/search?q=%24ETH&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$ETH</a>, <a href="https://twitter.com/search?q=%24AAVE&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$AAVE</a>, and <a href="https://twitter.com/search?q=%24LINK&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$LINK</a> in the past 10 hours, including:<br><br>• 2,631 <a href="https://twitter.com/search?q=%24ETH&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$ETH</a> ($10M) at ~$3,801<br>• 3,357 <a href="https://twitter.com/search?q=%24AAVE&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$AAVE</a> ($1M) at ~$297.8<br>• 41,335 <a href="https://twitter.com/search?q=%24LINK&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$LINK</a> ($1M) at ~$24.19<br><br>This is the fund's first… <a href="https://t.co/izCy3nLGjR" rel="noopener noreferrer nofollow">pic.twitter.com/izCy3nLGjR</a></p>— Spot On Chain (@spotonchain) <a href="https://twitter.com/spotonchain/status/1867057137500950862?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">December 12, 2024</a>
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<p>Assets now total $63.95 Million in World Liberty Financial’s portfolio. 14.573K ETH, 3.058M USDT, 1.357K AAVE, and LINK are included with this, demonstrating a deep involvement with the cryptocurrency space.</p>
<p>Its rise in exposure to Ethereum, AAVE and LINK was indicative of the fund seeing long-term potential in DeFi.</p>
<p>In a sign of the continued institutional adoption of crypto and DeFi products, World Liberty Financial has been steadily purchasing.</p>
<h2 class="wp-block-heading" id="h-aave-crypto-surpasses-300-driven-by-surge-in-stagnant-coins-circulating"><strong>AAVE Crypto Surpasses $300, Driven by Surge in Stagnant Coins Circulating</strong></h2>
<p>AAVE broke the $300 mark for the first time since November 2021 in a key recognition. The true driver of <a href="https://www.thecoinrepublic.com/2024/10/31/analyst-predicts-aave-rally-to-220-amid-growing-interest/" rel="noopener noreferrer nofollow">AAVE’s</a> price was the fact that dormant coins were popping out on the market.</p>
<p>The inflow of previously illiquid tokens indicated that key players of these cryptos were getting more active, boosting the bullish sentiment.</p>
<p>AAVE’s market performance showed a rise in the “Mean Dollar Invested Age,” a measure that tracks the average age of coins held within the same wallet.</p>
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   <p lang="en" dir="ltr"><img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f4c8.png" alt="📈" class="wp-smiley" style="height: 1em; max-height: 1em;"> As several altcoins grow today, AAVE has erupted to a market value of over $300 for the first time in over 3 years. Pay attention to projects that have massive drops in "Mean Dollar Invested Age" like AAVE. This indicates major key stakeholders are moving previously stagnant… <a href="https://t.co/VmywKxRTzh" rel="noopener noreferrer nofollow">pic.twitter.com/VmywKxRTzh</a></p>— Santiment (@santimentfeed) <a href="https://twitter.com/santimentfeed/status/1866986946502840735?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">December 11, 2024</a>
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<p>The decline implied a continuance of older coins being circulated, possibly by large holders.</p>
<p>Santiment pointed out that AAVE was trading in a more risky environment. AAVE returned 33% over the last 30 days and 109% over the last 365 days.</p>
<p>But large holders not circulating their coins too quickly could lead to short-market retrace, therefore downward price alteration in the short period.</p>
<p>As long as large wallets continue to circulate their holdings, expect the influx of dormant AAVE tokens to keep driving price growth.</p>
<p>The post <a href="https://www.thecoinrepublic.com/2024/12/14/aave-price-crypto-whales-making-waves-is-500-next/" rel="noopener noreferrer nofollow">AAVE Price: Crypto Whales Making Waves, Is $500 Next?</a> appeared first on <a href="https://www.thecoinrepublic.com" rel="noopener noreferrer nofollow">The Coin Republic</a>.</p>

AAVE Price: Crypto Whales Making Waves, Is $500 Next?

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