A high-profile crypto whale, already sitting on an impressive unrealized profit of $15.31 million, is doubling down on their $AAVE long position despite a recent price drop.
Over the past 8 hours, this investor borrowed 3 million $GHO and used $3.18 million worth of $GHO and $WBTC to purchase an additional 9,702 $AAVE tokens.
A whale with a $15.3M profit continues to expand its $AAVE long position after the price dropped today!
In the past 8 hours, the whale borrowed 3M $GHO and spent $3.18M (in $GHO and $WBTC) to buy 9,702 $AAVE.
Since October 13, the whale has purchased 96,800 $AAVE at an average… pic.twitter.com/9otB6zRlTC
— Spot On Chain (@spotonchain) December 19, 2024
Since October 13, the whale has amassed a total of 96,800 $AAVE tokens at an average cost of $183.4, representing a $17.8 million investment. With $AAVE currently trading significantly higher, their position has soared by 86.2% in unrealized gains. This aggressive strategy demonstrates the whale’s strong confidence in $AAVE’s potential, even amid market fluctuations.
Top 10 Dapps by TVL: 2021 vs. 2024
Back in December 2021, DeFi reached its peak Total Value Locked (TVL), marking an all-time high. While today’s TVL remains near those historic levels, the landscape of top decentralized applications (dapps) has evolved significantly.
Protocols such as @Aave, @LidoFinance, and @Uniswap continue to dominate the space, maintaining their leadership positions. However, the rise of restaking protocols is reshaping the market, capturing an increasing share of liquidity. Capital within the DeFi ecosystem is now becoming more concentrated among leading protocols, signaling a maturing market dynamic.
Top 10 Dapps By TVL in 2021/2024
In Dec 2021, DeFi TVL reached its ATH. Today, the total value locked remains close to peak levels, but the list of dapps has changed notably. @aave, @LidoFinance, and @Uniswap continue to dominate, while restaking protocols are capturing a… pic.twitter.com/XOuctqBrsV
— CryptoRank.io (@CryptoRank_io) December 19, 2024
This shift highlights the ongoing innovation in the DeFi sector and the growing importance of top-tier platforms in securing user trust and liquidity. The changing roster of dominant dapps underscores the competitive and ever-evolving nature of decentralized finance.
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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