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ETH Whale Sells Big, Loses $17M To Repay Aave Debt!
A whale capitulated after the price crash on Sept 7 and sold ~28,554 $ETH($64.4M) to pay off all debts on #Aave, losing more than $17M! This whale accumulated ~30.5K $ETH at ~$2,850 between Dec 18, 2023 and Jul 31, 2024.
Disclaimer: I am biased bc I hodl a large spot $AAVE position that I have been building for 6 months. I personally use and trust @aave for my own lending needs. NFA.
3⃣ AAVE is developing multiple revenue streams by catering to new, privatized markets. @LidoFinance's market was the first of several planned, including @etherfi & @ethena_labs. These markets provide shared revenue + grow TVL & PMF under the $AAVE brand. Additional revenue…
2⃣Unlike many products in crypto, $AAVE's revenue is evergreen. Even in the last market, @aave made routinely $1m+ per month. Today, $AAVE is making $1m+ a week per @tokenterminal & @Token_Logic dashboards. Source
1⃣ IMO $AAVE is a Trump trade based on its reported "integration" with @worldlibertyfi per @lemiscate's post Friday. $WLFI tokens are reportedly nontransferrable per a @coindesk article from last week...if this is true, $AAVE becomes the best proxy token for Trump's defi app.
Im a simple pepe: I like fundamentals & revenue. Very few protocols in crypto make revenue or . As such, I've taken a very large bet on @aave for 3 reasons: 🧵
Top Cryptocurrencies for Long-Term Investment
Wait...I just discovered that @aave is generating $1m in weekly revenue, while distributing only $327k in $AAVE incentives. 🫡
Alts fully emitted w/good fundies: $RLB up 56.99% in 30d $AAVE up 23.5% in 30d Alts w/high FDV predatory tokenomics: $WLD down -17.23% in 30d $ENA down -23.45% in 30d $TIA down -20.2% in 30d $MEME down -13.5% in 3d Choose your alts carefully.
SUI Rises 8% Amid Market Retrace, Will The Joy Be Short-Lived?
Donald Trump Family Eyes $540 Million Payout From New DeFi Venture: Reports
Top Crypto Project Founder Sells His Tokens Amid Market Downturn
Jupiter Crypto News: Market Depth for Meme Tokens Added
KAMA Memecoin Soars 10% Following Putin’s Endorsement Of Kamala Harris
Donald Trump's Probability To Launch A Cryptocurrency Before 2024 Election Rises To 48%, Says Polymarket
Four narratives will lead the next leg of this market. - DePin (Strongest Mindshare): $IO, $ATH, $HNT - RWAs: $MPL, $RWA - AI: $SPEC, $FET - DeFi: $AAVE, $KMNO, $JTO *Wildcard: Gaming* Listed in order of potential upside.
Trump DeFi Project to Boost US Dollar With Aave Protocol
Ethereum ETF Launch by Monochrome: What Next for ETH Price?
KAMA Meme Coin Jumps Nearly 10% as Russian President Putin Endorses Kamala Harris