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AAVE Surges 12% Within 9 Days with High Participation of Whales: Details

Fri, 03/25/2022 - 10:40
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Yuri Molchan
Santiment team believes that AAVE is showing an early sign of potential profit-taking
AAVE Surges 12% Within 9 Days with High Participation of Whales: Details
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Recently shared analytics data shows that AAVE whales have taken an active part in the process that led to the emergence of an early sign of potential profit taking.

Whales may impact continuation of rally

In a recent tweet, Santiment on-chain data aggregator reminded readers that over the past nine days, the trending AAVE coin has reached a 12% price rise and shows 48% growth in returns.

Whale transactions will be a major element to help the coin's rally continue. Earlier today, the tweet says, seven AAVE transactions worth $1 million each were conducted. This is an early sign of potential profit-taking on AAVE, Santiment analytics team believes.

Whales and sharks accumulate AAVE en masse

As covered by U.Today earlier this month, sharks and whales had accumulated a comprised 70,000 AAVE over the previous two months. That was the equivalent of a staggering $10.7 million.

Related
Whale Acquires 3.7 Trillion Shiba Inu Tokens As SHIB Shows 11% Weekly Rise

ETH whales acquire FTM, APE and SAND

WhaleStats crypto tracking service has reported that over the past six hours, Ethereum whales have also been adding FTM, ApeCoin and SAND to their crypto holdings.

They acquired 1,200,000 SAND worth $4,068,000, 971,727 FTX Tokens (in the equivalent of $1,272,963). One whale has also purchased 149,998 of the trending ApeCoin, paying $1,988,974 at the current exchange rate for this amount of crypto.

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About the author

Yuri is a crypto journalist interested in technology and technical innovations. He has been in crypto since 2017. Believes that blockchain and cryptocurrencies have a potential to transform the world in the future in many of its aspects. ‘Hodls’ major cryptocurrencies and has written for multiple crypto media outlets. 

His articles have been quoted by such crypto influencers as Tyler Winklevoss, John McAfee, CZ Binance, Max Keiser, etc.

Currently Yuri is a news writer at U.Today and can be contacted at yuri.molchan@u.today.