AAVE faces turbulence: Are whales driving a market shift?
AAVE faces mounting selling pressure as whales offload holdings, raising concerns of a potential downtrend
Keep up with what's happening in the crypto world in real-time.
AAVE faces mounting selling pressure as whales offload holdings, raising concerns of a potential downtrend
AAVE, the governance token of the prominent lending protocol Aave, is experiencing downward pressure as large holders, or whales, initiated significant sell-offs early Tuesday.
Aave (AAVE) price has recently seen a sudden surge following a week of declines amid broader market corrections. The cryptocurrency now faces heightened volatility as the U.S. elections approach.
Amid the ongoing struggling cryptocurrency market, whales and institutions appear to be dumping Aave (AAVE) tokens.
Aave (AAVE) sank toward $130, while four whales unstaked their positions from the Aave vaults and sent the tokens to exchanges.
Aave is currently sailing turbulent waters as large whales appear to be selling off their holdings amid a period of downward pressure.
The weekly market structure break six weeks ago was a sign of bullish intent, but the on-chain metrics weren't so.
A crypto investor's AAVE panic sale incurs a significant loss, underscoring the risks of emotional trading strategies in uncertain markets.
The next few days are crucial for determining the next chapter in AAVE's journey.
The rise in cbBTC on Aave has increased the share of recursively deposited USDC debt, putting users at risk of failure to repay their loans at the exit of USDC whales.
The digital assets market experienced a significant surge in buying momentum on Tuesday, pushing Bitcoin well past $73,000. This uptrend has catalyzed notable increases in the altcoin market, with many tokens, including AAVE, indicating renewed momentum ahead of the much-anticipated Q4 2024 rally.
AAVE navigates a turbulent market, many are left wondering whether it can break through the critical resistance level at $165. Recent trends indicate that an upswing could be on the horizon, driven by a combination of technical indicators and on-chain metrics.
During Tuesday's U.S market session, the crypto market witnessed a surge in buying pressure as Bitcoin price rallied above $70,000. The AAVE price followed the bullish momentum along with most major altcoins, signaling renewed confidence in the Q4 bull run.
Besides technical indicators, on-chain metrics also show that an uptrend is possible.
The US government has ignited a selloff scare for AAVE after initiating its first transaction for the token in 8 months. According to data insights from Arkham Intelligence, the US Government transaction features a total of $5.4 million.
Aave's GHO launch sparks anticipation, creating potential for a significant shift in market momentum.
Widely followed crypto analyst Michaël van de Poppe says that AAVE, the native token of the top lending platform on Ethereum (ETH), is set for bluer skies.
Aave's growth on Optimism may set the stage for a breakout, but key resistance remains.
AAVE has become a focal point of interest as it navigates recent market changes. Despite experiencing a notable dip in large transactions and exchange outflows, approximately 60% of AAVE holders remain in profit.
AAVE, a leading player in decentralized finance (DeFi), is currently generating buzz as a substantial portion of its holders continue to see profits. This comes at a time when the market is witnessing a decline in large transactions and exchange outflows.
Aave, the decentralized lending platform, is among the largest DeFi protocols by total value locked (TVL). Over the years, despite the crypto price boom and bust cycle, the platform has operated flawlessly without any technical hitches.
AAVE holders stay profitable, despite declining whale activity.
Aave set for potential rally past $200 driven by strong market support.
Aave price has been on a tear, rising 111% since the August 5 low. Most recently, the asset broke above a bullish reversal structure that hints at 2X gains in the short-to-midterm range.