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Whales Move Over $3M in $AAVE, Traders Eye Price Impact

Susan Sarandon
Susan SarandonOriginal
2024-11-06 07:30:23730browse

Whales are moving large amounts of $AAVE, causing a stir in the market. According to Lookonchain, 0x7634 withdrew 25,790 $AAVE, worth $3.39 million

Whales Move Over M in $AAVE, Traders Eye Price Impact

Multiple large transactions involving AAVE have been spotted by Lookonchain, and they may indicate upcoming shifts in the bull market.

0x7634 withdrew 25,790 $AAVE($3.39M) from #Aave and deposited it to #MEXC 50 minutes ago.

0x790c withdrew 7,822 $AAVE($1.04M) from #Aave and deposited it to #Binance 3 hours ago.

Cumberland deposited 10,000 $AAVE($1.29M) to #OKX 6 hours ago.

Whales are moving large amounts of $AAVE, causing a stir in the market. According to Lookonchain, 0x7634 withdrew 25,790 $AAVE, which is currently valued at $3.39 million, from Aave and deposited it onto the MEXC exchange just hours ago.

Whales are dumping $AAVE!

0x7634 withdrew 25,790 $AAVE($3.39M) from #Aave and deposited it to #MEXC 50 minutes ago.

0x790c withdrew 7,822 $AAVE($1.04M) from #Aave and deposited it to #Binance 3 hours ago.

Cumberland deposited 10,000 $AAVE($1.29M) to #OKX 6 hours ago.

Whales Move Over $3M in $AAVE, Traders Eye Price Impact

At the same time, 0x790c sent 7,822 $AAVE, currently valued at $1.04 million, from the Aave to Binance in the last hour.

This does not end the movement here. Cumberland placed 10,000 $AAVE, which is equivalent to $1.29 million, into OKX earlier today. This was done by GalaxyDigital, who today moved 7,897 $AAVE, which is valued at $1.02 million, to Binance as well.

Such large transfers have elicited conversations in the crypto space. That whales are trading such large volumes of $AAVE is quite rare and indicates that the market is changing. When whales make such large crossings like this, it usually indicates that there may be price changes afoot, up or down.

These events are being closely monitored by traders, because whales could spike the price of a token. If these whales are selling or transferring their assets, it can potentially lower $AAVE’s value. On the other hand, it can be a signal that they are preparing further moves, meaning new investments or new directions.

度に及ぶ大口の取引が複数確認されており、強気派による市場シフトを示唆している。

0x7634 はわずか 50 分前に 25,790 $AAVE を Aave から MEXC に移動させました。この金額は現在価値で 339 万ドルに相当します。

一方、0x790c は 3 時間前に 7,822 $AAVE を Aave から Binance に移動させました。この金額は現在価値で 104 万ドルに相当します。

さらに、Cumberland が 6 時間前に OKX に 10,000 $AAVE を追加しました。この金額は現在価値で 129 万ドルに相当します。

Also, GalaxyDigital moved 7,897 $AAVE from Aave to Binance today. This amount has a present value of $1.02 million.

Whales Multiple large trades with large movements have been confirmed, suggesting a market shift by bulls. According to Lookonchain, one address Aave

$25,790 in just 50 minutes

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