With Bitcoin surpassing $100K and Trump’s financial fund diving into DeFi, altcoins like AAVE, LINK, and ETH are gearing up for massive growth. On-chain data hints at which token might lead the explosive rally.
The market experiences a fresh wave of bullish sentiments, with Bitcoin BTC $103 988 24h volatility: 0.1% Market cap: $2.07 T Vol. 24h: $15.85 B crossing above the $100,000 mark. Further, the bullish entry in whales and the on-chain signals are flashing signals of a bull run.
As the short-term recovery gains traction, the total crypto market cap has increased significantly over the past 24 hours to reach $3.56 trillion. Further, the altcoins are likely to spearhead the new rally with the market inching closer to a new all-time high.
Trump’s Fund Goes Crazy for AAVE, LINK, and ETH
Amidst the rising sentiments, Donald Trump’s World Liberty Financial has made a strategic entry into the DeFi tokens. In the past 12 hours, the financial firm of US President-elect Donald Trump has purchased Ethereum, Aave, and Chainlink and maintains a substantial holding of USDT USDT $1.00 24h volatility: 0.0% Market cap: $153.16 B Vol. 24h: $31.10 B and USDC USDC $1.00 24h volatility: 0.0% Market cap: $60.92 B Vol. 24h: $2.86 B .
The recent purchase of DeFi tokens comes with the accumulation of 3,357 Aave tokens worth $1 million and 41,335 Chainlink tokens worth $1 million. Aave was bought at an average price of $297.8, while the entry in Chainlink maintains an average of $24.19.
U.S. President-elect Donald Trump's World Liberty Financial (@worldlibertyfi) has spent $12M on $ETH, $AAVE, and $LINK in the past 10 hours, including:
• 2,631 $ETH ($10M) at ~$3,801
• 3,357 $AAVE ($1M) at ~$297.8
• 41,335 $LINK ($1M) at ~$24.19This is the fund's first… pic.twitter.com/izCy3nLGjR
— Spot On Chain (@spotonchain) December 12, 2024
Apart from the DeFi tokens, the biggest altcoin was also on the list, purchasing 2,631 Ethereum tokens ETH $2 485 24h volatility: 2.0% Market cap: $299.95 B Vol. 24h: $10.04 B worth $10 million. The average for this purchase remains $3,801.
Apart from Ethereum, this is the first purchase of Aave and Chainlink by the U.S. World Liberty Financial Fund. The fund has maintained a strategic holding of stablecoins.
This fund’s interest in Ethereum has significantly increased over the past two weeks. It has accumulated $30 million USDC to buy 8,105 Ethereum tokens at an average of $3,701. The fund holds $3.05 million USDT and $1.51 million USDC.
AAVE Aims to the MOON
Among the top purchases, Aave AAVE $240.7 24h volatility: 2.9% Market cap: $3.65 B Vol. 24h: $300.23 M is a token ready to explode. Aave’s market value has erupted to more than $300 for the first time in the past three years.
Furthermore, reported in a recent tweet by Santiment, AAVE has witnessed a massive drop in its mean dollar invested age. This massive drop comes as the major whales pump the stagnant tokens back into circulation.
📈 As several altcoins grow today, AAVE has erupted to a market value of over $300 for the first time in over 3 years. Pay attention to projects that have massive drops in "Mean Dollar Invested Age" like AAVE. This indicates major key stakeholders are moving previously stagnant… pic.twitter.com/VmywKxRTzh
— Santiment (@santimentfeed) December 11, 2024
Further, this additional liquidity is fueling the bullish momentum. Over the past 30 days, the token’s average return has been 33%, and the number of active traders has increased by 109% over the past 365 days.
The average age of the Aave coin has dropped from 635 to 537 days in just seven weeks. This is a massive moment in the whale holdings. As the average age declines, common sense dictates a longer bull run.
In conclusion, with the growing interest in rising financial funds backed by Donald Trump and the increasing on-chain whale movements, altcoins, especially DeFi tokens, are ready for an explosive move ahead.
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