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The belief in DeFi coins, which remained silent during Bitcoin’s rise this year, continues among whales. The purchases made by two major whales in the last two days have drawn attention. Uniswap (UNI), AAVE and Maker (MKR) were the prominent altcoins.
AAVE, UNI and MKR on Whales’ Radar
According to the information provided by Lookonchain, a whale purchased 299 thousand UNI tokens worth $2.9 million from the Gate.io exchange last night. The same whale had also purchased $2.9 million worth of AAVE and $805 thousand worth of MKR in August and September.
$10 Million AAVE Investment
AAVE continues to be one of the projects that attracts whales’ attention, especially in the summer months. In the last two days, a whale purchased a total of close to $10 million worth of AAVE. This investor, who bought $4.8 million worth of AAVE yesterday, converted the tokens to USDC using the GHO credit system and purchased additional AAVE via Coinbase. He used the same tactic to buy $2.6 million worth of AAVE tonight. He took out a $2 million GHO credit for this transaction, bringing the total purchase he made during the night to over $4.5 million. His total purchases in the last two days have reached nearly $10 million.
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Whales have focused on DeFi projects such as LDO, AAVE, UNI, ENS and PENDLE, especially in the summer months. This intense interest shows that the trust in the DeFi space and the belief in the potential of these projects continue.
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