On December 24, BlockBeats reported

On December 24, BlockBeats reported that Arthur Cheong, founder and CEO of DeFiance Capital, stated on his social platform that despite the overall market weakness, the price of AAVE is close to the cycle high. He believes this may be due to institutional funds buying AAVE in order to report at the end of the year that they hold it as one of the best-performing DeFi assets and an important representative of the future of finance.

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