AAVE and UNI are in the spotlight: Do whales’ big moves indicate the next market trend?
Recently, a well-known big player in the cryptocurrency market, commonly known as a “whale”, made a big move that attracted attention. This “whale”, who was caught by Lookonchain, deposited millions of dollars of USDC tokens on the Kraken exchange, and then invested heavily in DeFi tokens Aave (AAVE) and Uniswap (UNI).
What tokens did this whale buy?
This whale was quite strategic. He first deposited $4 million into Kraken, and then withdrew about $3 million worth of AAVE tokens, about 36,000. Then, he used the remaining money to buy about 123,000 UNI tokens, about $1 million. This transaction not only made the whale’s portfolio stronger, but also showed the potential and value of these two cryptocurrencies, AAVE and UNI, in DeFi.
Why are whales’ actions so important?
Everyone knows that whales’ actions often shake the market and make investors’ hearts beat faster. Their large-scale transactions not only affect investors' risk awareness, but may also change market trends. Although some whales are short-term operations and make quick money, some are long-term fishing for big fish, trying to use time and strategy to influence the market.
What can investors learn from this?
Ordinary investors can actually learn a lot from the operation of this whale:
The actions of whales may indicate the trend of certain tokens, and may even suggest that prices will rise sharply. Keeping an eye on these large transactions is very helpful for making investment decisions. Whales investing in AAVE and UNI may indicate that these DeFi tokens will be strong in the future. Such activities also show us how important liquidity and stability are in the cryptocurrency market.
At this stage of the market, if you cut your losses, you will be a little unwilling. If you hold on, you will worry that it will continue to fall. If you buy at the bottom, you will be afraid of buying halfway up the mountain. If you don't buy at the bottom, you will be afraid of missing the opportunity to get on the bus. Most of the time, you are either annoyed or blaming yourself. This kind of life is not easy. If you are in this state now, please like and follow the avatar to join the team! I believe that our meeting can help you reduce the torture I have experienced!
