moonypto

Aave | whales accumulating?

Long
moonypto Updated   
BINANCE:AAVEUSDT   AAVE / TetherUS
The price of AAVE suddenly skyrocketed by ~30 % in the past 10 hours, which seems to be related to the whale"0x5a80". Whale"0x5a80" has accumulated 182,152 AAVE ($ 13.2M) from exchanges through multiple addresses in the past 10 hours. and currently holds 399,585 AAVE ( 30M ).

The price of Aave is $ 75 today with a 24hour trading volume of 520 million dollar. This represents a 32% price increase in the last 24 hours and a 50% price increase in the past 7 days. With a circulating supply of 14 Million AAVE, Aave is valued at a market cap of 1.1 billion dollar.

Aave is a decentralized money market protocol where users can lend and borrow cryptocurrency across 20 different assets as collateral.the protocol has a native token called AAVE, which is also a governance token that lets the community decide the direction of the protocol in a collective manner.

if whales keep buying and breaks the down trend then 77 and 79$ are next targets
many alts pumping now thanks to BTC jump

Comment:
whales couldn't break the down trend line
Comment:
Trade active:
A proposal may be in the works at the decentralized lending platform Aave, deliberating the activation of a ‘fee switch’ to distribute fees to holders

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