- Looking at the cumulative activity of whales and Smart DEX, it appears that purchasing activity has increased.
- Past active addresses by profitability shows that most traders are profitable.
AAVE It continues to establish itself as a leading DeFi asset for whales. One whale in particular amassed 96,800 AAVE through aggressive dollar cost averaging and spent $17.8 million at an average price of $183.4.
The recent influx of 9,702 AAVE, purchased for $3.18 million from GHO and WBTC, highlighted whales’ continued investment despite falling prices.
The whale’s position with unrealized profits of $15.31 million, reflecting an 86.2% increase in value, indicates significant market confidence.
Source: SpotOnChain
This strategic accumulation may imply expectations of a future price surge or stabilization at current levels, depending on market dynamics.
Smart DEX traders and whales are buying the dip.
Cumulative analysis shows that the re-entry of whales and Smart DEX traders is significant. Selling for $368 and $381, the whales re-entered the market and were purchased by AAVE for over $3.2 million in one day.
In particular, one whale named ‘0xe823’ secured a profit of $118,000, achieving 3 to 4 times the return on investment.
Another trader ‘0xfcc5’ reinvested $1.4 million, earning a 3.2-3.3x return, and currently manages a significant 963,000 AAVE worth $331.6 million.
Source: iCryptoAI/X
Likewise, Smart DEX traders like ‘0xb040’ re-entered by purchasing $679,000 worth of AAVE after realizing profits of 3.8 times their initial investment.
This pattern suggests that both are strategically exploiting recent price declines, indicates collective anticipation of a potential price recovery, and indicates confidence in AAVE’s future gains.
AAVE’s Address Forecast and Profitability
The current AAVE price indicates that Smart DEX traders and whales buying recent dips could lead to a recovery. AAVE is trading at $300, just above its significant fair value gap (FVG). This gap acted as a structural break before the price surged, creating a strong support zone.
If AAVE successfully maintains momentum and remains above this level, it could experience a massive uptrend. Such a move could confirm the bullish sentiment and potentially push the price higher to higher highs.
Source: TradingView
The increasing purchase volume confirms confidence in the coin’s prospects, suggesting that the coin may soon reach new peaks.
Moreover, MACD showed a bullish crossover, supporting the possibility of a continued upward trend. If AAVE can sustain above FVG, the path to $500 in 2025 looks increasingly plausible.
According to WLD’s average year-to-date profitability, 23.29% of addresses are ‘in-the-money’, while 11.61% are ‘out-of-the-money’. This indicates that continued investor confidence is more likely.
Source: IntoTheBlock
Recently, profitable addresses increased by 10% to 33.72%. This suggested a strong support area around the current price level of $340.71.
Read Aave (AAVE) Price Prediction for 2024-25
If this trend continues, WLD’s price could potentially stabilize or increase beyond $500 in 2025, driven by positive holder sentiment and reduced selling pressure.