Data on whale activities in the market indicates that on April 17, large investors bought over $20 million worth of DeFi tokens like Aave (AAVE) and Uniswap (UNI). Despite the market slump, these purchases have sparked hope among traders. According to Spot On Chain platform, two new wallets have accumulated approximately $20.11 million of these two tokens. One wallet with the address ‘0x3bb…’ purchased around $4.28 million of UNI from Cumberland and another wallet ‘0x4f7…’ received a total of $15.83 million of AAVE from the same source. During this period, AAVE’s price surged by about 3.5% to $138.81, after previously dropping to a low of $130.43. Simultaneously, UNI’s price also increased by around 2.5% and is now trading around $5.27. It is worth mentioning that the Aave community had proposed a widespread token buyback and liquidity upgrade plan last month. The recent actions of whales align with this plan and could have a positive impact on the price trend of both tokens. You can monitor the live prices of all tokens and cryptocurrencies on the real-time price page.
