
Top 2 DeFi Tokens Whales Are Accumulating for 2025 Gains
As the crypto market consolidates, institutional investors and whales are increasingly accumulating top DeFi tokens. A closer look at recent transactions reveals that Uniswap (UNI) and Aave (AAVE) have emerged as the top two choices for these large-scale players.
Galaxy Digital’s substantial withdrawals from exchanges, withdrawing 1.07 million UNI tokens worth $18.9 million and 27,722 AAVE tokens valued at $10.19 million, indicate a growing confidence in DeFi projects. This significant movement highlights the whales’ and institutions’ interest in these specific altcoins.
Uniswap Breakout from $17 Resistance
The Uniswap price has witnessed an impressive breakout above the neckline of the cup and handle pattern, indicating substantial upside potential for UNI. With the current pullback, the cryptocurrency is likely to recuperate the exhausted bullish momentum, which may lead to a rally towards the psychological barrier of $30. A potential 80% gain from this level could put immense pressure on bears and solidify the altcoin’s position as a top performer in the market.
AAVE Forms Rounding Bottom Pattern
Aave (AAVE) has been consistently outperforming other DeFi tokens, with a staggering 140% growth over the last three weeks. The weekly chart analysis reveals this recovery to be a classic rounding bottom pattern, which would indicate the gradual shift from bearish to bullish in AAVE’s price movement.
If this pattern holds true, we can expect another 22% rise for the altcoin, with the immediate resistance of $447 serving as the next hurdle. The surge in transactions exceeding $100,000 in AAVE suggests renewed whale activity in the asset, further solidifying the case for a potential breakout above the mentioned resistance.
In conclusion, recent market developments and transactions indicate that whales are accumulating UNI and AAVE in anticipation of 2025 gains. As institutions and large-scale investors continue to show interest in these DeFi tokens, it’s crucial to monitor their price movements closely.
Source: http://www.cryptonewsz.com