Founder of DeFiance Capital: AAVE is approaching its cyclical peak, possibly driven by institutional funds buying in
DeFiance Capital founder and CEO Arthur Cheong posted on X, stating: "Despite the overall market weakness, the price of AAVE is close to its cyclical high. This could be due to institutional funds buying in order to claim ownership of Aave in their year-end reports, as one of the best-performing DeFi assets and a significant representative of the future of finance."
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Peter Thiel fully liquidated his Nvidia holdings in Q3
Recall: Belief rewards will be distributed to eligible users this week
Data: SOL spot ETF saw a net inflow of $46.34 million last week, marking three consecutive weeks of net inflows.
Messari releases Filecoin Q3 report: Utilization rises to 36%, capacity shrinks to 3.0 EiB
Trending news
MoreCrypto prices
More
