Santiment: The number of 'whale' addresses of Aave tokens has | Crypto NEO

Santiment: The number of "whale" addresses of Aave tokens has grown significantly

The Santiment team periodically draws attention to the increase in the number of "whales" whose addresses accumulate large batches of DeFi tokens.

Previously, analysts stated that there has been a marked increase in the number of large holders of UNI tokens issued by the UniSwap decentralized exchange deployed in the DeFi market.
This week, experts presented a report on the growth in the number of "whale" addresses with a large volume of Aave tokens (AAVE), which are also launched on the basis of the decentralized finance ecosystem. Over the past month, the number of such addresses has grown by 23% (from 266 to 327).

Ongoing accumulation signals that the coin's value will add in the short term. Santiment considers “whales” to be those investors whose addresses have accumulated by now tokens totaling at least $ 397,000.
At the moment, the token is trading at $ 444.5. The capitalization of a digital asset per day increased by almost 40% to $ 5.52 billion. Aave is on the 15th line of the CoinMarketCap rating of the largest cryptocurrencies.
Since the beginning of January this year, the value of the token has increased more than five times. Returns for investors who invested in this digital act at the beginning of the year increased by 410%.
The researchers emphasized that the DeFi market is in excellent shape and continues to expand. Note that the value of all tokens locked in the DeFi ecosystem is now just over $ 28.9 billion.