Santiment team believes that AAVE is showing an early sign of potential profit-taking
Shared recently analytical data shows that AAVE whales took an active part in the process that led to the emergence of an early sign of potential profit-taking.
Whales may impact continuation of rally
In a recent tweet, Santiment on-chain data aggregator reminded readers that over the past nine days, the trending AAVE coin has reached a 12% price rise and shows 48% growth in returns.
Whale trades will be a major part of helping the coin’s rally continue. Earlier today, the tweet states, seven AAVE transactions worth $1 million each were completed. This is a harbinger of potential profit taking on AAVE, Santiment’s analysis team believes.
Whales and sharks accumulate AAVE en masse
As covered by U.Today earlier this month, sharks and whales had accumulated a comprised 70,000 AAVE over the previous two months. That was the equivalent of a staggering $10.7 million.
ETH whales acquire FTM, APE and SAND
Crypto-tracking service WhaleStats reported that over the past six hours, Ethereum whales have also added FTM, ApeCoin, and SAND to their crypto holdings.
They acquired 1,200,000 SAND worth $4,068,000, 971,727 FTX Tokens (in the equivalent of $1,272,963). One whale has also purchased 149,998 of the trending ApeCoin, paying $1,988,974 at the current exchange rate for this amount of crypto.
