Market whales are going all out for DeFi tokens, including AAVE and UNI, in what appears to be a decisive accumulation amid perceived discount setups
The recent activities of crypto whales suggest that Decentralized Finance (DeFi) tokens may be prepping for a price rally. On April 17, whale transactions data indicated that these large-scale investors have accumulated more than $20 million in Aave (AAVE) and Uniswap (UNI).
Investors Display Optimism in AAVE and UNI
Spot On Chain identified some crypto whales quietly accumulating DeFi tokens via OTC trades.
Two fresh wallets were highlighted, and they scooped up $20.11 million worth of AAVE and UNI tokens. One of the wallet addresses, “0x3bb,” purchased $4.28 million worth of UNI from Cumberland.
Are whales quietly accumulating #DeFi tokens via OTC?
Two fresh wallets just scooped up 115,719 $AAVE ($15.83M) and 818,474 $UNI ($4.28M) from #Cumberland in the last 35 hours. 👇
Follow @spotonchain and track the wallet’s next accumulation via:
🔗 https://t.co/U37OLNKH0k
🔗… pic.twitter.com/lOjdwN9KHC— Spot On Chain (@spotonchain) April 17, 2025
Within the same period, the wallet and the address “0x4f7..” collectively acquired $15.83 million worth of AAVE. One unit of AAVE is currently worth $138.20, corresponding to a 2.25% price surge, while UNI has a market value of $5.23 after its price jumped by 1.05%.
It is worth noting that the acquisitions were made from the same OTC exchange. These purchases reflect increasing investors’ optimism, even in the midst of the broader crypto market uncertainty.
Gases for these digital assets may be around the corner. The speculated bullish market trend stems from the buying pressure on crypto assets.
In the meantime, market sentiments are highly bullish, further underscoring market confidence and buying pressure on an asset. Hence, it is little wonder that traders and investors are looking forward to price gains in these DeFi tokens.
XRP Remains Bullish and Resilient
Meanwhile, XRP has remained resilient amidst the crypto market’s uncertainty.
The digital asset recently broke over a key resistance, suggesting the conclusion of a multi-month consolidation and a potential price reversal. As a result, several readers and market watchers are waiting to see XRP’s next big move. XRP traded at $2.10 at press time, with a 1.47% increase in 24 hours.
XRP’s outlook indicates that buying interest is beginning to outweigh selling pressure. Apart from its price breakout, technical indicators have shown that XRP also broke above the Double Exponential Moving Average (DEMA).
This indicator highlights trend reversals and momentum shifts. History has shown that the DEMA breakout signals an emerging uptrend. Therefore, investors and traders are anticipating a strong bullish bias.
Disclaimer: The information provided in this article is for informational purposes only. It does not constitute investment, financial, trading, or any other sort of advice. You should not treat any of BGECrypto’s content as such. BGEcrypto does not recommend that any cryptocurrency should be bought, sold, or held by you. Do your due diligence and consult your financial advisor before making any investment decisions.
