Aave (AAVE) Whales Have Increased by 23% in One Month

Quick take:

• The number of Aave (AAVE) whales has increased from 266 to 327 in the past month
• This is a 23% increment in the stated time period
• Aave (AAVE) has been on a massive bullish climb since the year began
• AAVE opened 2021 at roughly $90 and has just set a new all-time high of $459 – Binance rate

The number of Aave (AAVE) whales has seen a 23% increment in the last month. This is according to data by the team at Santiment

that indicates that Aave whales – holding 1,000+ AAVE tokens – have increased from 266 to 327 in the stated time period. The accumulation of Aave (AAVE) by this category of investors has resulted in the digital asset experiencing double-digit gains in the crypto markets.

The team at Santiment shared their analysis of Aave (AAVE) via the following statement and accompanying chart.

DeFi is alive and well in crypto, as AAVE has skyrocketed to a +33% gain in the past day. #Aave whales, which we deem addresses holding 1,000 tokens or more (~$397k+ USD), have ballooned from 266 to 327 addresses this past month, fueling this rally.

Aave Increases by 40% in 24 hours

A quick glance at Coinmarketcap reveals that Aave (AAVE) has exceeded the 24-hour gains quoted by the team at Santiment. At the time of writing, Aave (AAVE) is trading at $446 after increasing in value by 40% in the last 24 hours as seen in the screenshot below. From the screenshot, it can be observed that AAVE’s gains have exceeded those of Bitcoin and Ethereum.

Aave (AAVE) Increases by 5.1x in 2021

The current 24-hour gains of 40% by Aave (AAVE) are the tip of the iceberg. Since the year began, Aave (AAVE) has managed to increase in value by a factor of 5.1.

January 1st found Aave trading at approximately $90. The same Aave just hit an all-time high of $459 which is 5.1x the value at the beginning of the year. This in turn translates to roughly 410% in profits for any investor who bought Aave (AAVE) earlier this year.