AAVE is attracting significant attention from Smart Dex Traders (SDTs) and Smart Money (SM), with both groups steadily accumulating the token over the past few days.
Appearing on the radar for “Tokens Accumulated by SM” and listed as a “Gem” among SDTs, AAVE is proving to be a popular choice for savvy investors looking for strong entry points.
Over the last three days, SDTs have purchased 9,200 AAVE tokens, valued at approximately $1.4 million, while SM has added 3,400 AAVE, worth around $487,900, to their portfolios.
đź‘€$AAVE – Actions of Smart Dex Traders (SDTs) and Smart Money (SM).$AAVE is currently appearing in the Tokens Accumulated by SM and Gems of SDTs with good Entry.
In the last 3 days, both groups have been continuously buying $AAVE. SDTs purchased 9.2K $AAVE ($1.4M) and SM… pic.twitter.com/gs5IX1HRRH
— iCrypto | Sentiment & On-chain Analysis (@iCryptoAI) October 14, 2024
Additionally, a whale investor made a notable move today, purchasing 12,633 AAVE tokens for $2.02 million. This brings the whale’s total accumulation over the past three days to 60,624 AAVE, valued at $9.36 million.
AAVE Price Surge Influenced By Buying Pressure Among InvestorsÂ
As a result of this buying pressure, the price of AAVE has surged by roughly 10% during this period, highlighting the impact of these strategic acquisitions.
When it comes to DeFi, AAVE continues to solidify its position as a top player in the space. Total Value Locked (TVL) remains a key metric for evaluating the adoption and usage of decentralized finance (DeFi) tokens. AAVE currently ranks second among the top DeFi tokens by TVL, boasting an impressive $11.9 billion locked in its smart contracts.
🏆 Top 10 DeFi tokens by Total Value Locked
TVL is the most important indicator to evaluate the adoption scale of a Crypto #DeFi tokens by calculating the total value (USD) locked in the corresponding smart contracts. $LDO $EIGEN $AAVE $MKR $ETHFI $UNI $RPL $JST $ENA pic.twitter.com/laSRErdh4C
— Ben GCrypto (@GCryptoBen) October 15, 2024
Leading the pack is Lido, with a TVL of $25.3 billion. As AAVE continues to attract both retail and institutional interest, its dominance in the DeFi sector is expected to grow, driven by increasing demand and widespread adoption of its lending protocols and decentralized solutions.
Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services.
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