The post PEPE Whale Scoops $2.18 Million AAVE, What Next For Aave? appeared on BitcoinEthereumNews.com.

Aave (AAVE) seems to be gaining traction as whales have started accumulating the asset, suggesting a potential market rally soon. Today, Onchain Lens spotted a PEPE whale who acquired AAVE tokens worth $2.18 million. PEPE whale bet big on AAVE In a post shared on X today, the whale sold 2.25 million LDO tokens worth $2.18 million for WETH. He then swapped the funds in WETH for 12,037 AAVE tokens at a price of $181. Initially, the investor purchased 3.6 million LDO for 2,234 ETH ($7 million). He currently holds 1.35 million LDO ($1.215 million), facing a loss of $3.6 million.   The move by this investor shows that amid the ongoing crypto market downturn, whales are adjusting their positions. As retail investors are in fear, whales are calmly accumulating altcoins with big long-term prospects. This whale seems to have capitalized on the market dip to acquire large quantities of AAVE. Aave price updates Of late, the digital asset market has been experiencing increased volatility due to global economic uncertainty, especially triggered by the Trump-led tariff policy. The performance of altcoins has been moving in tandem with Bitcoin’s price consolidation after the largest cryptocurrency failed to surpass the $88 level. Aave has not been left out of the market downtrend. Aave has been in a correction movement, with its price down 1.1% over the past week. Its asset rose by 1.5% over the past 24 hours, currently placing its value at $178.59. This decline is part of a wider trend that started early last month, with Aave decreasing its momentum, identified by lower lows and lower lows in trading timeframes. As the market adapts to these conditions, the asset is anticipated to remain stable in the coming weeks due to the rising presence of buyers. Despite the market correction, there is…

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Filed under: News - @ March 29, 2025 8:22 pm