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AAVE's Glorious Rise May Be Seeing a Short-Term Peak Following Huge On-Chain Spikes

@brianq
1 min read
03.12.2024
AAVE


📊 In the past 2 weeks, AAVE's market cap has grown by +53% with aid from trader speculation of more advantageous DeFi conditions under Trump's pro-crypto policies.

Massive daily milestones in the #40 market cap's on-chain data have appeared in the past 24 hours, including:

🐳 587 whale transactions (Most Since Mar, 2022)
✉️ 385.9M in on-chain tx. volume (Most Since Oct, 2021)
💸 2,346 unique addresses transacting on the network (Most Since Jun, 2023)

Expect that these major spikes may foreshadow volatility for the project. But with positive news continuing to come out for AAVE, it appears that the upside paints a strong long-term picture.

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