Considering the 15% gain over the past 24 hours, it might seem like DeFi-focused altcoin AAVE is in a stronger position right now. On the other hand, looking at the big picture, the more interesting statistics on whale wallets should not be overlooked, according to analyst Aaryamann Shrivastava. cryptocoin.com We provide details as…
Altcoin whales prefer to wait in AAVE
When a token or cryptocurrency is widely linked to whales, it is often viewed as a dangerous investment due to the unprecedented threat of dumping. Some tokens, such as Polygon (MATIC), Chainlink (LINK), and in this case AAVE, have notable fixed whales. This is why these cryptos have become one of the most popular cryptocurrencies in the world. For example, AAVE is run by 13 whales, which accounts for 66% of the current 16 million whales. While they hold most of the supply, most have not sold for a while…
AAVE started seeing the rise of HODLers (long-term investors) in October, based on addresses and balances separated by length. For almost a year, these investors have held their AAVEs. In addition, these HODLers currently account for 32.78% (34.2 thousand) of all addresses.
Together, these 34,200 addresses contain about 3.87 million AAVEs that have been missing from these investors’ wallets for nearly a year. But can this go on forever?
HODL all the way
In addition to 3.87 million AAVEs held for more than one year, another 10.94 million AAVEs were retained from one month to one year. According to ITB statistics, 82.8% of the total 103k addresses with AAVE are currently inactive. While it may seem like the current market conditions of the crime, this has been a growing crisis rather than occurring overnight.
Investors’ profit concentration started to drop from 94% in May 2021 and hasn’t stopped yet. This shows that AAVE investors holding the token for a month or more have reached $629. However, they are now watching the cryptocurrency battle to break the $140 barrier. The main reason most HODL investors are still holding on is because the price drop hasn’t yet ruled out the full escalation in 2021. AAVE is still 66.38% higher than it was in January 2021, and these investors have no plans to sell for that long.
As a result, analysts note that pressure from investors could potentially help AAVE’s recovery, as broader market indicators are showing positive signals.
Contact us to be instantly informed about the last minute developments. twitter‘in, Facebookin and InstagramFollow and Telegram and YouTube join our channel!
Disclaimer: The articles and articles on Kriptokoin.com do not constitute investment advice. Cryptokoin.com does not recommend buying or selling any cryptocurrencies or digital assets, nor is Kriptokoin.com an investment advisor. For this reason, Kriptokoin.com and the authors of the articles on the site cannot be held responsible for your investment decisions. Readers should do their own research before taking any action regarding the company, asset or service in this article.
Warning: Citing the news content of Kriptokoin.com and quoting by giving a link is subject to the permission of Kriptokoin.com. No content on the site can be copied, reproduced or published on any platform without permission. Legal action will be taken against those who use the code, design, text, graphics and all other content of Kriptokoin.com in violation of intellectual property law and relevant legislation.