- Two new whale wallets bought $20.11 million in AAVE and UNI through OTC trades, signaling strong accumulation interest.
- AAVE price climbed 3.5 percent following whale purchases and a proposed community buyback and liquidity upgrade.
- UNI rose 2.5 percent amid heightened whale activity, reinforcing market confidence despite general market sluggishness.
Recent blockchain data has revealed that two newly active wallets acquired over $20 million worth of AAVE and UNI tokens. The purchases occurred via over-the-counter transactions with Cumberland, a well-known crypto trading platform. One of the wallets, labeled “0x3bb,” secured $4.28 million in UNI, while the other, “0x4f7,” along with “0x3bb,” jointly bought $15.83 million worth of AAVE.
The significant token inflows to these wallets have attracted attention, particularly in a market where many tokens remain under pressure. These moves indicate renewed confidence among large investors. The timing of the transactions suggests growing sentiment that these DeFi assets are poised for price gains, regardless of recent volatility.
AAVE Price Rises as Community Proposes Buyback Plan
The price of AAVE responded positively to the increased buying pressure. As of Thursday, it rose by approximately 3.5 percent and traded at $138.81. This recovery followed a 24-hour low of $130.43. This gain may be linked to a recent proposal from the AAVE community involving a token buyback and liquidity enhancement strategy aimed at strengthening its ecosystem.
Similarly, UNI experienced a 2.5 percent daily increase, reaching a trading price of $5.27 after dropping to an intraday low of $5.05. The price action reflects rising demand, in line with whale movements that are often associated with long-term strategic positioning. Market participants are closely monitoring the token following the observed accumulation.
The recent whale activity highlights a notable divergence from the general crypto market sentiment. Large investors appear to be positioning themselves early, which typically boosts trader confidence. While broader conditions remain uncertain, AAVE and UNI have shown resilience backed by investor interest and protocol developments.
