With Bitcoin surpassing $100K and Trump’s financial fund diving into DeFi, altcoins like AAVE, LINK, and ETH are gearing up for massive growth. On-chain data hints at which token might lead the explosive rally.
By Vishal Dixit
Edited by Julia Sakovich
Updated
3 mins read
The market experiences a fresh wave of bullish sentiments, with Bitcoin BTC $79 612 24h volatility: 3.0% Market cap: $1.58 T Vol. 24h: $50.30 B crossing above the $100,000 mark. Further, the bullish entry in whales and the on-chain signals are flashing signals of a bull run.
As the short-term recovery gains traction, the total crypto market cap has increased significantly over the past 24 hours to reach $3.56 trillion. Further, the altcoins are likely to spearhead the new rally with the market inching closer to a new all-time high.
Amidst the rising sentiments, Donald Trump’s World Liberty Financial has made a strategic entry into the DeFi tokens. In the past 12 hours, the financial firm of US President-elect Donald Trump has purchased Ethereum, Aave, and Chainlink and maintains a substantial holding of USDT USDT $1.00 24h volatility: 0.0% Market cap: $144.28 B Vol. 24h: $80.32 B and USDC USDC $1.00 24h volatility: 0.0% Market cap: $59.83 B Vol. 24h: $9.86 B .
The recent purchase of DeFi tokens comes with the accumulation of 3,357 Aave tokens worth $1 million and 41,335 Chainlink tokens worth $1 million. Aave was bought at an average price of $297.8, while the entry in Chainlink maintains an average of $24.19.
U.S. President-elect Donald Trump's World Liberty Financial (@worldlibertyfi) has spent $12M on $ETH, $AAVE, and $LINK in the past 10 hours, including:
• 2,631 $ETH ($10M) at ~$3,801
• 3,357 $AAVE ($1M) at ~$297.8
• 41,335 $LINK ($1M) at ~$24.19This is the fund's first… pic.twitter.com/izCy3nLGjR
— Spot On Chain (@spotonchain) December 12, 2024
Apart from the DeFi tokens, the biggest altcoin was also on the list, purchasing 2,631 Ethereum tokens ETH $1 519 24h volatility: 7.8% Market cap: $183.38 B Vol. 24h: $22.22 B worth $10 million. The average for this purchase remains $3,801.
Apart from Ethereum, this is the first purchase of Aave and Chainlink by the U.S. World Liberty Financial Fund. The fund has maintained a strategic holding of stablecoins.
This fund’s interest in Ethereum has significantly increased over the past two weeks. It has accumulated $30 million USDC to buy 8,105 Ethereum tokens at an average of $3,701. The fund holds $3.05 million USDT and $1.51 million USDC.
Among the top purchases, Aave AAVE $131.6 24h volatility: 7.7% Market cap: $1.99 B Vol. 24h: $328.08 M is a token ready to explode. Aave’s market value has erupted to more than $300 for the first time in the past three years.
Furthermore, reported in a recent tweet by Santiment, AAVE has witnessed a massive drop in its mean dollar invested age. This massive drop comes as the major whales pump the stagnant tokens back into circulation.
📈 As several altcoins grow today, AAVE has erupted to a market value of over $300 for the first time in over 3 years. Pay attention to projects that have massive drops in "Mean Dollar Invested Age" like AAVE. This indicates major key stakeholders are moving previously stagnant… pic.twitter.com/VmywKxRTzh
— Santiment (@santimentfeed) December 11, 2024
Further, this additional liquidity is fueling the bullish momentum. Over the past 30 days, the token’s average return has been 33%, and the number of active traders has increased by 109% over the past 365 days.
The average age of the Aave coin has dropped from 635 to 537 days in just seven weeks. This is a massive moment in the whale holdings. As the average age declines, common sense dictates a longer bull run.
In conclusion, with the growing interest in rising financial funds backed by Donald Trump and the increasing on-chain whale movements, altcoins, especially DeFi tokens, are ready for an explosive move ahead.
Disclaimer: Coinspeaker is committed to providing unbiased and transparent reporting. This article aims to deliver accurate and timely information but should not be taken as financial or investment advice. Since market conditions can change rapidly, we encourage you to verify information on your own and consult with a professional before making any decisions based on this content.
Vishal, a Bachelor of Science graduate, began his journey in the crypto space during the 2021 bull run and has since navigated the subsequent market winter. With a strong technical background, he is dedicated to delivering insightful articles rich in technical details, empowering readers to make well-informed decisions.
