Crypto News

Aave ($AAVE) And Maker ($MKR) Show Signs Of Renewed Accumulation Amid Recent Downturn

Recent data from Lookonchain highlights a notable increase in the accumulation of tokens like Aave ($AAVE) and Maker ($MKR), with prominent whales taking a leading role in this renewed interest.

The accumulation, particularly by a whale wallet identified as “0x04e9,” raises expectations of a potentially bullish movement for these cryptocurrency pairs.

As per the announcement, the “Fresh whale wallet”0x04e9” has actively accumulated $AAVE and $MKR once again. In the past two days, this wallet withdrew 74,250 $AAVE (equivalent to $7.6 million) and 4,802 $MKR (equivalent to $6.8 million) from Binance.

While Aave ($AAVE) has experienced a 3% decline in value based on the daily chart, Maker ($MKR) is poised to regain its bullish strength, hovering in the neutral zone. Netflows data indicating significant withdrawals of these tokens from centralized exchanges (CEXs) adds to the optimism surrounding the future price momentum of both $AAVE and $MKR.

The strategic moves by prominent whales, reflected in the substantial withdrawals from exchanges, suggest a confident outlook for Aave and Maker. This renewed accumulation, coupled with the withdrawal trend, reinforces the notion that major investors anticipate positive developments and potential price gains for these tokens in the near future.


As Aave and Maker navigate through the current market dynamics, the increased accumulation by key players contributes to the evolving narrative around these cryptocurrencies, portraying them as assets to watch for potential bullish movements in the coming days.

Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services.

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