- Whale wallets acquired over $20 million worth of AAVE and UNI through OTC deals despite ongoing market uncertainty.
- The purchases were made via the OTC platform Cumberland and involved two new wallets focusing on DeFi tokens.
- AAVE saw a $15.83 million accumulation and recorded a 3.5 percent price increase following the activity.
Large-scale crypto wallets have recently acquired over $20 million worth of DeFi tokens AAVE and UNI through OTC deals. Large-scale wallets bought DeFi tokens AAVE and UNI from OTC dealers as market uncertainty did not correlate with their investment decisions which showed growing faith in these leading DeFi assets. Research analysts suggest the token purchases indicate starting interest among markets that could lead to elevated prices for AAVE and UNI.
Over the course of this week two new wallets obtained DeFi assets from OTC exchange Cumberland based on their investment focus on upward momentum tokens. These acquisitions included over $15.83 million in AAVE and $4.28 million in UNI. The large volume and timing of these market transactions have boosted crypto market prices despite its current slow phase.
The whale transaction pushed the token values upward showing sign of developing support levels throughout its present cycle. With broader market trends turning mixed, AAVE and UNI appeared to move independently due to these large-scale purchases. Present dynamics hinge on the ability for recent acquisitions to lead to additional market increases.
AAVE Whale Accumulation Aligns With Price Uptick and Ecosystem Upgrade
Two crypto whale wallets collectively accumulated $15.83 million worth of AAVE through an OTC deal with Cumberland. The wallet together with its group bought UNI while also participating in AAVE’s acquisition, indicating DeFi asset interest. The timing coincided with AAVE rebounding from its recent 24-hour low of $130.43.
AAVE traded at $138.81 after rising by approximately 3.5% over the past day. The market reacted positively to large volume acquisitions with this price rise which occurred after the accumulation began. The market demands could sustain the current price uptrend if they remain active in the near future.
In March, the AAVE community proposed a buyback and liquidity upgrade to support long-term price stability. An upcoming whale investment demonstrates public support for the proposed upgrade of the protocol which shows market approval of the modifications. Analysts believe the combined factors might build stronger fundamentals for AAVE in the coming weeks.
UNI Bags Whale Attention as Price Climbs After OTC Deal
Through a quiet OTC deal with Cumberland the address “0x3bb..” received $4.28 million worth of UNI. The transfer of funds to 0x3bb.. occurred during when DeFi markets were mostly stagnant yet showcased strengthening UNI traction. The price recovery of UNI started after its short-term market decline.
The market value of the token reached $5.27 when it demonstrated a 2.5% increase during the past day. The price of the token pushed back to reach the lowest point at $5.05 then started recovering from there. Website data showed a progressive upward trend that resulted from concentrated buying activity by prominent holders of UNI.
The growing interest shown by whales in UNI suggests favorable market and utility expectations for its upcoming performance. Targeted purchasing of this asset at present might spark fresh market demand.