AAVE Crypto Speculation Rises: Tron Founder Justin Sun And Mysterious Whale Enter This Coin Market

Crypto AAVE. (Photo; Doc Best Trading)

JAKARTA - In recent times, the AAVE market has been in the spotlight with the emergence of two main players who influence price dynamics. Tron founder Justin Sun and a mysterious whale have taken strategic steps in the AAVE ecosystem, accumulating and selling large amounts of tokens that trigger speculation in the market.

Justin Sun recently deposited 111,910 AAVE tokens worth $776 thousand on the Huobi crypto exchange. This movement was first noticed by the leading surveillance resource, Lookonchain, which indicates Sun's significant involvement in the AAVE ecosystem.

This is not the first time Justin Sun has stolen attention with his AAVE transactions. In October 2021, when the price of the AAVE token reached 327 US dollars (Rp4.9 million), Sun deposited 49,000 AAVE tokens worth 16 million US dollars (Rp 240 billion) to Binance. In January 2022, Sun returned to action by depositing 59,500 AAVE tokens worth 8.8 million US dollars (Rp 132 billion) to the same exchange.

In addition, mysterious whales have also created waves by collecting 182,152 AAVE tokens worth around US$13.2 million (Rp198 billion) in recent days. This purchase is thought to have caused the AAVE price increase of 27 percent in that period.

However, quickly, the whale changed course by making a series of 'out' transactions, releasing about 38,000 AAVE tokens. This sudden profit-taking has created uncertainty among traders and investors, who are starting to speculate about the broader implications of this action.

Observers and market players are now closely monitoring the movement of the Sun and the mysterious whale, looking for clues about the direction of the next market. Their strategic decisions in collecting and selling AAVE tokens are in the spotlight, sparking speculation and making the market even more attractive.

This situation shows unexpected dynamics in the crypto industry, where individual actions that affect can have a significant impact on the price of digital assets. Regarding AAVE's next journey, it will still develop as a question mark, but market participants remain enthusiastic about following the movements and strategic actions of these main players.