As a seasoned crypto investor with a decade-long journey through the digital asset landscape, I can confidently say that this latest wave of bullish sentiments feels different. The surge above $100,000 for Bitcoin and the strategic entry by Donald Trump’s World Liberty Financial into DeFi tokens, particularly Aave and Chainlink, is a clear sign of an impending bull run.
Currently, the market is showing renewed optimism as Bitcoin (BTC) surpasses the $100,000 threshold. This surge is also being reinforced by large investors (whales), who are entering the market, and positive on-chain indicators that suggest a possible bull trend. In the last 24 hours, the market has exhibited a volatility of 3.1%, while its total capitalization stands at approximately $2 trillion. The volume within the past 24 hours amounts to $107.84 billion.
Over just the last day, the combined value of all cryptocurrencies has surged noticeably, now standing at approximately $3.56 trillion. Additionally, it seems that alternative coins could lead the way in this fresh surge, as the market edges ever closer to a brand new record high.
Trump’s Fund Goes Crazy for AAVE, LINK, and ETH
In the midst of growing emotions, Donald Trump’s World Liberty Financial Group has moved to invest in DeFi tokens. Over the past 12 hours, the financial entity associated with President-elect Donald Trump has acquired Ethereum, Aave, Chainlink, and holds a significant amount of USDT ($1.00) and USDC ($1.00). Here are some key details:
In a recent transaction, you now hold 3,357 Aave tokens valued at approximately $1 million, which were acquired at an average cost of around $297.8 per token. Additionally, you’ve obtained 41,335 Chainlink tokens also worth $1 million, with each token averaging about $24.19 during the purchase.
As a crypto investor, I’ve just learned that U.S. President-elect Donald Trump, through his financial entity World Liberty Financial (@worldlibertyfi), has poured $12M into Ethereum ($ETH), Aave ($AAVE), and Chainlink ($LINK) in the last 10 hours. This significant investment includes purchases of these digital assets.
• 2,631 $ETH ($10M) at ~$3,801• 3,357 $AAVE ($1M) at ~$297.8• 41,335 $LINK ($1M) at ~$24.19
This is the fund’s first…
— Spot On Chain (@spotonchain) December 12, 2024
In addition to DeFi tokens, a notable altcoin was also included in the list, acquiring approximately 2,631 Ethereum tokens (ETH) with a value of around $10 million each, with an average price of roughly $3,801 per token. Here are some key details:
Besides Ethereum, the U.S. World Liberty Financial Fund recently acquired Aave and Chainlink for the first time. This fund consistently holds a strategic amount of stablecoins.
Over the last fortnight, this particular investment fund has seen a substantial growth in its interest towards Ethereum. It has amassed approximately 8,105 Ethereum tokens at an average price of around $3,701, which amounts to a total of $30 million USDC. Currently, the fund owns $3.05 million USDT and $1.51 million USDC in addition to its Ethereum holdings.
AAVE Aims to the MOON
Among the popular investments, AAVE with a current price of around $355.0 and a 24-hour volatility of 28.7%, is showing signs of significant growth. In fact, Aave’s market value has reached over $5.33 billion for the first time in the last three years, suggesting a potential surge.
Additionally, according to a recent tweet by Santiment, there’s been a significant decrease in the average amount of money invested per AAVE holder (mean dollar invested age). This substantial decrease appears to be due to large investors, or “whales,” re-entering their tokens into circulation, which had previously been stagnant.
📈 Today, various altcoins are surging, and for the first time in more than three years, AAVE has soared to a market value exceeding $300. Keep an eye on projects experiencing significant decreases in “Mean Dollar Invested Age,” such as AAVE. This reduction suggests that significant investors are shifting previously idle funds within the project.
— Santiment (@santimentfeed) December 11, 2024
Moreover, this extra liquidity is driving the market’s upward trend. Within the last month, the token’s average return has been approximately 33%, while the number of active traders has grown by a substantial 109% in the past year.
In the past seven weeks, the typical holding period for Aave coins has significantly reduced from approximately two years (635 days) to about 1.4 years (537 days). This significant change in the average holding duration is noteworthy within the context of whale ownership, as it implies a possible extension of the bull market.
To summarize, as more people show interest in investments associated with Donald Trump and a surge in significant transactions involving cryptocurrencies (whales), it appears that alternative coins, particularly decentralized finance tokens, are poised for a substantial surge or explosion in value.
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2024-12-12 12:28