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Once bitten, twice shy: Here’s what AAVE investors have been up to
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The DeFi token AAVE, though not one of the top 10 or even 20 cryptos, has still been making headlines thanks to a strong rally that took its price up by more than 12%. AAVE bulls saw close to 50% returns in less than 10 days. Now many are wondering if there’s still time to jump in or whether they missed the train.
The key to this riddle? Possibly whales.
Santiment data revealed that AAVE whales have the power to help determine the length of the rally. Since both whale transactions and AAVE prices were rising, one can conclude that profit-taking was likely. 25 March alone saw around seven transactions worth more than $1 million.
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