Aave [AAVE] Continues to Be a Leading DeFi Asset for Whales

Aave [AAVE] continues to be a leading DeFi asset for whales. Notably, one whale has been aggressively dollar-cost averaging, accumulating 96,800 AAVE and spending

Aave (CRYPTO: AAVE) continues to be a top DeFi asset for whales. One whale, in particular, has been aggressively dollar-cost averaging, accumulating 96,800 AAVE and spending $17.8 million at an average price of $183.4.

The recent inflow of 9,702 AAVE, purchased with $3.18 million in GHO (CRYPTO: GHO) and WBTC (CRYPTO: WBTC), highlighted the whale’s continued investment even as prices dipped.

Holding an unrealized gain of $15.31 million, reflecting an 86.2% increase in value, the whale’s position indicated significant market confidence.

This strategic accumulation could suggest anticipation of a forthcoming price surge, or a stabilization at current levels, depending on market dynamics.

Smart DEX traders, whales buying the dip

A cumulative analysis showed a significant re-entry of whales and Smart DEX traders. After selling at $368 and $381, whales re-entered the market, buying over $3.2 million in AAVE in a single day.

Notably, one whale, ‘0xe823’, secured $118,000 in profits, achieving returns between three to four times the investment.

Another trader, ‘0xfcc5’, re-invested $1.4 million, with returns between 3.2 to 3.3 times, now controlling a substantial 963,000 AAVE worth $331.60 million.

Similarly, Smart DEX traders like ‘0xb040’ re-entered by purchasing $679,000 worth of AAVE after realizing profits at 3.8 times the initial investment.

This pattern suggested that both were strategically capitalizing on the recent price dip, indicating collective anticipation of a potential price recovery, suggesting confidence in AAVE’s future gains.

AAVE price prediction: What to expect?

The current AAVE price indicates that Smart DEX traders and whales buying the recent dip could lead to a recovery. AAVE is trading just above the significant Fair Value Gap (FVG) at $300. This gap acted as a structure break point before the price surged, creating a strong support zone.

If AAVE successfully maintains its momentum and stays above this level, it could experience a massive uptrend. Such a move could confirm a bullish sentiment, potentially leading to higher highs.

The increasing buying volumes confirm confidence in the coin’s prospects, hinting it could achieve new peaks soon.

Moreover, the MACD showed a bullish crossover, supporting the potential for a continued uptrend. If AAVE can sustain above the FVG, the path toward $500 in 2025 appears increasingly plausible.

WLD’s Year-to-Date Average profitability shows 23.29% of addresses are ‘in the money,’ compared to 11.61% ‘out of the money.’ This indicates a higher probability of sustained investor confidence.

Recently, there was an increase of 10% in profitable addresses to 33.72%. This suggested a strong support zone around the current price level of $340.71.

If this trend persists, WLD’s price could potentially stabilize or increase past $500 in 2025, driven by positive holder sentiment and reduced selling pressure.