Trump Family Bets Big on AAVE

AAVE has captured the spotlight once again as the Trump family’s crypto project, World Liberty, continues its notable investment streak in the DeFi token. On December 14, 2024, reports from a blockchain social media platform revealed that World Liberty spent 662,630 USDC to purchase 1,842.532 AAVE through Cow Protocol. This latest acquisition brings their total holdings to 5,886 AAVE, valued at approximately $2.27 million.

Three Major Purchases in Three Days

This marks World Liberty’s third major investment in AAVE within a span of three days:

1. December 12: 1 million USDC invested in AAVE.
2. December 13: An additional 246,722 USDC spent on AAVE.
3. December 14: 662,630 USDC used to acquire more AAVE.

These consecutive purchases reflect growing confidence in AAVE’s potential, aligning with its strong market momentum.

AAVE Price Surges 30%

World Liberty’s ongoing investments have fueled a significant 30% price surge in AAVE over the past three days. Analysts suggest this trend could continue, driven by both institutional interest and favorable technical indicators.

According to expert technical analysis:

• AAVE appears bullish, backed by strong investor support.
• The token could climb an additional 12% to reach the next resistance level of $430 in the coming days.

Current Market Momentum

At the time of writing, AAVE is trading near $380, marking a modest 1.1% gain in the past 24 hours. However, trading volume has dipped by 40%, signaling reduced short-term interest from traders compared to the previous day.

Despite the volume decline, the broader sentiment remains positive, with institutional investments like World Liberty’s purchases providing a bullish catalyst for AAVE.

The Trump family’s crypto project, World Liberty, has solidified its position as a major player in AAVE’s upward trajectory, contributing to a 30% surge in three days. With bullish technical signals and strong institutional backing, AAVE appears poised to test the $430 resistance level in the near term, further reinforcing its growing relevance in the DeFi space.