👀👀AAVE Attracts Attention of Major Investors, Large Investor Accumulation Points to Potential Increase 👀👀

Experienced cryptocurrency investors are closely monitoring the market movements of large-scale investors, or “whales.” Blockchain technology allows these investors to track important transactions and obtain valuable information through advanced on-chain analysis tools. Recently, the strategic moves of “smart money” have revealed new trends in digital assets.

Arthur Cheong, a respected name in the cryptocurrency world, drew attention to the altcoin AAVE. In his social media posts, Cheong emphasized that high-net-worth individuals are accumulating AAVE tokens. The decrease in the supply of AAVE on exchanges and the increase in demand indicate that the price is on the rise. Cheong said, “Last month, the total supply of AAVE on exchanges decreased by approximately $18.4 million due to accumulation by ‘smart money’ wallets.” Currently, AAVE continues to play a critical role in the DeFi ecosystem as a leading token on the largest lending platform. Cheong expects DeFi interest to grow with the support of leading centralized platforms, such as Binance. Initiatives such as BitGo’s wrapped BTC (WBTC) and Coinbase’s cbBTC are on their way to further integration into the DeFi space. These developments aim to bring together traditional and digital finance, and the total value locked (TVL) in DeFi projects could potentially reach $20 billion. “In the next 6-12 months, we will see the introduction of various wrapped BTC versions, including Coinbase’s cbBTC and Threshold Network’s tBTC,” Cheong said. He also emphasized that Coinbase’s distribution capabilities could critically integrate Bitcoin into DeFi and stabilize exchange offerings.