The price of Aave (AAVE) has risen to its highest level since September 2021, after a 30% increase in the past 24 hours. The decentralized finance (DeFi) token has seen a surge in activity, with AAVE whale accumulation injecting new liquidity into the cryptocurrency.
Can AAVE maintain this growth momentum as the DeFi market regains its attraction? This on-chain analysis examines the possibility.
Aave stakeholders are bringing inactive tokens back to life

MOVE, the native coin of the Ethereum-based Layer-2 blockchain Movement, surged 50% shortly after its launch on December 9. However, it has now reversed direction, declining sharply at a similar percentage.
At the time of writing, profit-taking is being consolidated, putting the MOVE token price at risk of further decline.
Token holders are selling to take profits
MOVE launched on Monday and quickly attracted the attention of investors. As a result, the token price rose by 50% in the following 24 hours, peaking at $1.45. This token also reached a market capitalization of $3 billion, securing its position as the 60th top cryptocurrency during the same period.

The price of Uniswap (UNI) has increased nearly 20% in just the past 24 hours, reaching a three-year high. This strong price surge has pushed UNI's price close to breaking key resistance levels, opening up potential for greater growth.
Indicators such as RSI and BBTrend indicate that momentum is improving, with the potential for continued price increases if optimistic sentiment is maintained. However, holding strong support at $14.5 will play a crucial role in sustaining the upward trend and avoiding a deeper correction.

Aptos (APT) price has increased nearly 15% in the last 24 hours, recovering strongly after a $2 billion market cap decrease during the unlocking of $134 million worth of tokens. Despite recently appearing negative signals such as the formation of a death cross and a 10% price drop, APT is now showing signs of a trend reversal.
Indicators such as Ichimoku Cloud and EMA lines suggest that bullish momentum could push APT to test levels near $15 if the upward trend continues. However, the important support threshold at $13.38 remains very noteworthy; if it breaks below this level, APT may face a more significant correction.

On December 12, Grayscale Investments launched two new investment funds focused on the governance tokens of Lido (LDO) and Optimism (OP). This is the next step for the world's largest asset manager in the crypto space, aimed at providing access to important Ethereum protocols.
Investment focus on leading protocols
Two new funds, Grayscale Lido DAO Trust and Grayscale Optimism Trust, aim to invest in:

Former Binance CEO, Changpeng Zhao (CZ), continues to maintain a strong influence in the crypto community. This was recently evidenced when a tweet from him about the leading cryptocurrency travel platform, Travala, led to a 300% surge in the platform's AVA token within just one hour.
CZ's tweet appeared as an implicit endorsement, as he responded to Travala's post celebrating a significant revenue milestone. In his post on platform X, he shared:

Although currently holding a treasury of $3 billion, Avalanche – a formidable competitor to Ethereum – continues to raise funds amid signs of a strong recovery in the crypto market.
It feels like 2021 is returning – at least for the Avalanche Foundation headquartered in the British Virgin Islands. Recently, the company successfully raised $250 million through a private token sale for its blockchain platform, a large fundraising method that has become rare in the current crypto winter. This fundraising was led by reputable investors such as Galaxy Digital, Dragonfly, and ParaFi Capital, along with over 40 other companies, including SkyBridge and Morgan Creek Digital, organizations that believe in the market's strong resilience.