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DeFi

AAVE Price Set to Hit $430? Trump-Linked Project Invests Again

By admin
0 18

AAVE Price Set to Hit $430? Trump-Linked Project Invests Again

Aave (AAVE) has been garnering significant attention from both investors and institutions following its impressive performance. Amid this rising interest, the Trump family’s crypto project, World Liberty, has once again made a notable investment in AAVE.

World Liberty Investment in AAVE

On December 14, 2024, a blockchain social media platform shared a report that World Liberty spent 662,630 USDC to buy 1,842.532 AAVE through Cow Protocol. With this, World Liberty’s total holdings have soared to 5,886 AAVE, worth nearly $2.27 million.

The Trump family crypto project World Liberty spent 662,630 USDC to purchase 1,842.632 AAVE through Cow Protocol from 23:51 on December 13 to 2:57 UTC+8 the next day. Currently, World Liberty holds a total of 5,886 AAVE, worth approximately $2.27 million. https://t.co/4Vgv1K5RtZ https://t.co/uCKjSMFvDc

— Wu Blockchain (@WuBlockchain) December 14, 2024

However, this is the third notable purchase the Trump family crypto project has made in the past three days. It started on December 12, when they invested 1 million USDC in AAVE. On December 13, they invested 246,722 USDC to buy AAVE, and now they have spent 666,630 USDC.

This recent investment in AAVE has led to a significant 30% price surge over the past three days. Moreover, the investment has the potential to further propel AAVE prices, similar to the upward momentum the community has witnessed recently.

According to expert technical analysis, AAVE appears bullish and has strong support from investors. There is a strong possibility it could soar by 12% to reach the next resistance level of $430 in the coming days.

Current Price Momentum

Currently, AAVE is trading near $380 and has experienced a price surge of over 1.1% in the past 24 hours. However, during the same period, its trading volume dropped by 40%, indicating a decrease in interest from traders and investors compared to the previous day.

Source

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