The Trump family’s cryptocurrency project, World Liberty, is making waves in the digital currency space with their recent notable investment in AAVE. AAVE, the token of decentralized finance protocol Aave, has been attracting significant interest from investors and institutions due to its impressive performance.
According to a report shared by a blockchain social media platform on December 14, 2024, World Liberty spent a whopping 662,630 USDC to purchase 1,842.532 AAVE through the Cow Protocol, a decentralized finance platform. This recent acquisition increases World Liberty’s total holdings to 5,886 AAVE, which is currently valued at nearly $2.27 million.
This purchase, however, is not World Liberty’s first venture into AAVE. Over the past three days, the Trump family crypto project has made three considerable investments in the digital currency. The buying spree commenced on December 12, when they invested 1 million USDC in AAVE. This was followed by an additional investment of 246,722 USDC on December 13, and the recent 662,630 USDC investment.
The entry of World Liberty into the AAVE market has had a significant impact on the currency’s price. AAVE has experienced a substantial 30% price surge over the past three days, directly following World Liberty’s investment. Market watchers and investors are optimistic that this investment surge could further boost AAVE prices, continuing the upward momentum the digital currency has been enjoying.
Technical analysis from cryptocurrency experts suggests that AAVE’s outlook is bullish. With strong support from investors and a high possibility of a 12% surge to reach the next resistance level of $430, AAVE is making a strong case for itself in the digital currency market.
However, it’s not all soaring prices and bullish trends for the digital token. AAVE, currently trading near $380, has experienced a price surge of over 1.1% in the past 24 hours. Despite this, its trading volume has decreased by 40% during the same period. This decrease indicates a relative drop in interest from traders and investors compared to the previous day.
While this could be a temporary slowdown, it emphasizes the need for investors to stay updated on market trends and make informed decisions. The cryptocurrency market, with its volatile nature, requires constant vigilance and strategic investment decisions. Even so, the recent activity around AAVE, propelled by World Liberty’s significant investment, underlines the token’s potential and the growing interest in the decentralized finance space.
