- The cumulative activity of whales and Smart DEX showed that buying activity has increased.
- Historically active addresses based on profitability show that most traders are profitable.
Aaf [AAVE] remains a leading DeFi asset for whales. One whale has been aggressively dollar cost averaging, collecting 96,800 AAVE and spending $17.8 million at an average price of $183.4.
The recent inflow of 9,702 AAVE, purchased with $3.18 million in GHO and WBTC, highlighted the continued investment in the whale even as prices fell.
With an unrealized gain of $15.31 million, reflecting an 86.2% increase in value, the whale’s position indicated significant market confidence.
Source: SpotOnChain
This strategic accumulation could indicate anticipation of an upcoming price increase, or stabilization at current levels, depending on market dynamics.
Smart DEX traders and whales are buying the dip
A cumulative analysis showed a significant return of whales and Smart DEX traders. After selling at $368 and $381, whales reentered the market and bought more than $3.2 million worth of AAVE in a single day.
One whale in particular, ‘0xe823’, made a profit of $118,000, earning a return three to four times the investment.
Another trader, ‘0xfcc5’, reinvested $1.4 million, with a return of between 3.2 and 3.3 times, and now managed a significant 963,000 AAVE worth $331.60 million.
Source: iCryptoAI/X
Similarly, Smart DEX traders like ‘0xb040’ participated again by purchasing $679,000 worth of AAVE after realizing a profit of 3.8 times the initial investment.
This pattern suggested that both strategically capitalized on the recent price decline, indicating collective anticipation of a possible price recovery, suggesting confidence in AAVE’s future profits.
AAVE’s prediction and profitability of addresses
The current AAVE price indicates that Smart DEX traders and whales buying the recent dip could lead to a recovery. AAVE is trading just above the significant Fair Value Gap (FVG) of $300. This gap acted as a structural breakpoint before the price rose, creating a strong support zone.
If AAVE successfully maintains its momentum and stays above this level, it could experience a massive uptrend. Such a move could confirm bullish sentiment, potentially leading to higher highs.
Source: TradingView
The increasing buying volumes confirm confidence in the coin’s prospects, suggesting it could reach new peaks soon.
Additionally, the MACD showed a bullish crossover, supporting the potential for a continued uptrend. If AAVE can stay above the FVG, the path to $500 by 2025 looks increasingly plausible.
WLD’s Year-to-Date average profitability shows that 23.29% of addresses are in the money, compared to 11.61% out of the money. This indicates a greater chance of sustainable investor confidence.
Source: IntoTheBlock
Recently there was a 10% increase in profitable addresses to 33.72%. This indicated a strong support zone around the current price level of $340.71.
Read Aave’s [AAVE] Price forecast 2024-25
If this trend continues, WLD’s price could potentially stabilize or rise above $500 by 2025, driven by positive holder sentiment and reduced selling pressure.