Whales continue to believe in DeFi coins, which have been quiet this year amid the rise of Bitcoin. While the buying activity of two whales has not escaped the eye since yesterday, UNI and AAVE have emerged.
While the “DeFi summer” of 2020 is still fresh in memory, whales’ confidence in the sector continues. Significant buying activity by two whales in the past two days has exceeded $10 million.
AAVE, UNI and MKR...
According to information provided by Lookonchain, a whale bought 299,000 UNI worth $2.9 million from the Gateio exchange last night. The whale also bought a total of $2.9 million of AAVE and $805,000 of MKR in August and September.
Received $10 million in AAVE
AAVE, one of the projects that whales buy a lot of, especially in the summer months, has been on the radar of another whale in the past 2 days. A whale bought $4.8 million in AAVE yesterday, then withdrew his GHO loan and converted those tokens to USDC and bought more AAVE on Coinbase.
That whale acquired more AAVE tonight using the same tactic. The investor, who had received $2.6 million in AAVE, withdrew another $2 million in GHO for additional purchases. As a result, the overnight purchase exceeded $4.5 million. The whale’s total purchase in two days has also reached nearly $10 million.
Whales have been moving into DeFi coins like LDO, AAVE, UNI, ENS, PENDLE, especially in the summer.
