đWhat are crypto whales buying for potential gains in July 2024?
 â Witnessing an increase in the volume of large transactions
AAVE, the governance token for Aave, the popular decentralized lending platform#DeFi , has seen a rise in large transaction volume. Over the past month, the daily number of AAVE transactions worth between $10,000 and $100,000 has increased by 128%.
Larger transactions between $100,000 and $1 million also saw a 186% increase during the same period.
âȘAAVE has seen a noticeable increase in demand in the past few days. At press time, it is trading at $93.01, and its price is above its 20-day EMA.
This key moving average measures the average price of the asset over the past 20 trading days. When the price of an asset exceeds this average, it is a bullish signal indicating an increase in buying activity.
