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AAVE Gains Traction Among Top Ethereum Whales

Discover how AAVE ranks among the top cryptocurrencies by trading volume among the largest Ethereum whales and its recent market performance.
Published on 2023-03-09

AAVE Among Top Cryptos for Ethereum Whales

AAVE has positioned itself as a prominent choice among the 100 largest Ethereum (ETH) whales, according to recent data from WhaleStats. This well-known whale tracking platform reveals that AAVE is currently ranked ninth in trading volume among these influential cryptocurrency holders. Other favored digital assets include Polygon (MATIC), Wrapped Bitcoin (WBTC), Maker (MKR), and Chiliz (CHZ).

AAVE's Market Performance

Despite its popularity among ETH whales, AAVE has seen a slight decline in its market value. As per CoinMarketCap data, AAVE is trading at approximately $73.27, marking a 0.98% decrease over the past 24 hours. The altcoin reached a high of $74.48 and a low of $71.51 within the same timeframe. Notably, while AAVE strengthened against Bitcoin (BTC) by 0.48%, it weakened against Ethereum (ETH) by 0.14%.

Trading Volume and Market Capitalization

AAVE's 24-hour trading volume has been positive, showing a 3.17% increase to reach $63,145,818. This growth places AAVE as the 44th largest cryptocurrency by market capitalization, with a current market cap of $1,032,591,161. It narrowly trails BitDAO (BIT) in the rankings.

Conclusion

AAVE's inclusion in the top 10 cryptocurrencies by trading volume among ETH whales highlights its significant presence in the crypto market. However, its recent price fluctuations suggest volatility, necessitating thorough market analysis and due diligence from potential investors. As AAVE continues to capture attention, monitoring its performance remains crucial for stakeholders.

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