4 hours ago
Recent analytics from @intotheblock reveal a surge in Aave’s lending activity on the Ethereum network, with netflows exceeding $500 million over the past week. This milestone highlights Aave’s continued dominance in the decentralized finance (DeFi) space. However, the $AAVE token has not mirrored this success, experiencing a price decline of over 14% in the last two weeks. Aave`s lending activity on Ethereum has surged dramatically, with netflows soaring to an impressive $500M in the past week. pic.twitter.com/vZudkyGy2M — IntoTheBlock (@intotheblock) December 15, 2024 Aave, one of the leading DeFi protocols, achieved an impressive $500 million in revenue in 2024, according to Milk Road. Despite this strong financial performance, the $AAVE token has faced consistent bearish momentum. Since hitting a peak of $177.42 in late September, the token’s price has steadily declined, dropping 4% in the last month alone. According to recent analytics from @intotheblock , Aave lending activity on Ethereum has surged, With netflows reaching an impressive $500 million over the past week. Despite this strong performance in lending, the $AAVE token has experienced a price drop of over 14%, And… pic.twitter.com/18kVHopNH2 — Pinnacle Crypt ₿ (@PinnacleCrypt) December 16, 2024 Aave Price Action Despite Robust Growth Market analysts attribute the price slump to several factors, including reduced activity across the network and mounting selling pressure. The disconnect between Aave’s robust revenue growth and $AAVE’s underwhelming price performance has puzzled many in the DeFi community. While the platform’s fundamentals remain strong, the bearish sentiment around $AAVE raises concerns about broader market trends affecting DeFi tokens. The decline comes as a surprise given Aave’s continued success as a top-tier DeFi platform. The $500 million in annual revenue underscores its importance in the space, yet it has not been enough to reverse the token’s downward trajectory. As Aave continues to innovate and lead in DeFi, the challenge remains to translate its platform success into stronger price action for $AAVE. Investors will be watching closely to see if improved market conditions can help the token recover in the coming months. For now, $AAVE’s price dip serves as a reminder of the complexities of the crypto market, where platform growth doesn’t always guarantee token appreciation. Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services. Follow us on Twitter @nulltxnews to stay updated with the latest Crypto, NFT, AI, Cybersecurity, Distributed Computing, and Metaverse news ! Image Source: skorzewiak/ 123RF // Image Effects by Colorcinch
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Ethereum Sees Major Institutional Accumulation And Record ETF Inflows
Ethereum ($ETH) is witnessing substantial institutional interest, as significant transactions highlight ongoing accumulation. Nine hours ago, two multisignature wallets linked to the same creator withdrew their first 4,502 $ETH (worth $17.54 million) from Binance at an average price of $3,895. These tokens were subsequently staked with @KelpDAO. As $ETH’s price rebounded above $4,000, this move netted the wallets an estimated $517,000 profit (+3%). An institution is accumulating $ETH ! 9 hours ago, two multisign wallets with the same creator address withdrew their first 4,502 $ETH ($17.54M) from #Binance at ~$3,895 and then staked the tokens with @KelpDAO . Now, they are up $517K (+3%) as the $ETH price rebounded over $4K.… pic.twitter.com/NFr1D2D2TI — Spot On Chain (@spotonchain) December 16, 2024 In another high-profile transaction, Justin Sun, the founder of Tron, applied to withdraw 52,905 $ETH ($209 million) from Lido Finance an hour ago. This withdrawal is part of the 392,474 $ETH ($1.19 billion) he reportedly accumulated through three wallets between February and August at an average price of $3,027. Based on current prices, this stash now yields an estimated $349 million profit (+29%). Sun’s past actions add an intriguing layer to his strategy. On October 4, 2023, he unstaked 80,251 $ETH ($131 million) from Lido Finance and transferred it to Binance over the next four days. Shortly after, Ethereum’s price dropped by 5%, signaling a calculated approach to market movements. Justin Sun ( @justinsuntron ) applied to withdraw 52,905 $ETH (now $209M) from #LidoFinance an hour ago. This is part of the net 392,474 $ETH he allegedly bought at ~$3,027 ($1.19B) via 3 wallets from Feb-Aug, now having an est. total profit of $349M (+29%). Note that on Oct 4,… https://t.co/r5z7l8YSUq pic.twitter.com/GAalq1imjO — Spot On Chain (@spotonchain) December 16, 2024 Meanwhile, Ethereum spot ETFs have experienced record inflows. From December 9 to December 13, net inflows reached $855 million, setting a new weekly high. BlackRock’s ETHA ETF led with $523 million in inflows, followed by Fidelity’s FETH ETF, which recorded $259 million. Ethereum spot ETF had a net inflow of $855 million in the last trading day (December 9 to December 13, US Eastern Time), reaching a record high of weekly net inflow. Blackrock ETF ETHA had a weekly net inflow of $523 million, and Fidelity ETF FETH had a weekly net inflow of $259… pic.twitter.com/HOO1pE6nsr — Wu Blockchain (@WuBlockchain) December 16, 2024 These developments underscore Ethereum’s growing appeal among institutions, bolstered by staking opportunities, strategic whale activity, and rising ETF investments. As $ETH consolidates above $4,000, this momentum could drive further gains, reaffirming its position as a cornerstone of the cryptocurrency market. Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services. Follow us on Twitter @nulltxnews to stay updated with the latest Crypto, NFT, AI, Cybersecurity, Distributed Computing, and Metaverse news ! Image Source: baon/ 123RF // Image Effects by Colorcinch NullTx
Best Crypto PR Networks for 2025: A Comprehensive Overview
In this review, we’ll examine Blockchain-Ads PR, a prominent PR distribution platform that claims to have the largest network of top-tier crypto media outlets like Cointelegraph, BeInCrypto, and more. This review highlights Blockchain-Ads PR’s features, benefits, and competitive strengths while comparing it to other major crypto PR platforms. How Does Blockchain-Ads PR Work? Getting started … Continue reading "Best Crypto PR Networks for 2025: A Comprehensive Overview" The post Best Crypto PR Networks for 2025: A Comprehensive Overview appeared first on Cryptoknowmics-Crypto News and Media Platform . NullTx
