DeFi

Top 2 DeFi Tokens Whales Are Accumulating for 2025 Gains

In the first half of December, the crypto market witnessed a stalled bullish momentum as Bitcoin price struggled to sustain above the $100k level. However, investors believe this consolidation could allow the asset to recuperate the bullish momentum for a prolonged rally ahead. In preparation for the 2025 rally, the crypto institutions/whales are accumulating these DeFi tokens.

Key Highlights:

  • Uniswap and AAVE emerge among the top two whale-favored altcoins to ride the anticipated 2025 rally
  • The Uniswap price breakout from the $17 neckline of the C&H pattern should drive a 80% rally to hit $30.
  • A rounding bottom pattern drives the current recovery trend in AAVE price.

Galaxy Digital Accumulates $29M in DeFi Tokens

Whale and institutional activities in the DeFi ecosystem are surging as major players begin accumulating tokens on the Ethereum blockchain.

According to on-chain data shared by Lookonchain, Galaxy Digital, a prominent crypto investment firm, has made significant withdrawals from exchanges, pulling 1.07 million UNI tokens worth $18.9 million and 27,722 AAVE tokens valued at $10.19 million.

This substantial movement highlights growing confidence among institutional investors in DeFi projects, potentially signaling a bullish outlook for the sector.

Whales/Institutions are accumulating #Defi tokens on #Ethereum!#GalaxyDigital withdrew 1.07M $UNI($18.9M) and 27,722 $AAVE($10.19M) from exchanges today.https://t.co/lD8tgkC4Py pic.twitter.com/xX8yZNIfao

— Lookonchain (@lookonchain) December 13, 2024

Pullback Strengthens Bullish Outlook for $30

Amid the early December rally, the Uniswap price gave a massive breakout from the $17 resistance of the cup and handle pattern. The chart setup is characterized by a major sideways/accumulation resembling a ‘cup’ and a short counter-trend move displaying a ‘handle.’

Currently, the UNI price trades at $17.3 and records a slight retracement to the breached resistance. The pullback could recuperate the exhausted bullish momentum and indicate price sustainability for higher levels. Under the pattern’s influence, the coin price could rally another 80% to challenge the $30 psychological level.

UNIU/SDT 1d Chart

Rounding Bottom Pattern Signals Bullish Momentum for AAVE

Outperforming other DeFi tokens, the coin price recorded a high-momentum rally from $151 to $363 — a 140% growth — in the last three weeks. Weekly chart analysis shows this recovery as the formation of a classic reversal pattern called the rounding bottom.

The chart pattern resembling a ‘U’ shaped recovery indicates a gradual shift from bearish to bullish in an asset’s price movement. If the pattern holds true, the AAVE price is set for another 22% rise to challenge the immediate resistance of $447.

According to Intotheblock, the AAVE coin witnessed 3,310 transactions exceeding its $100k value last week. The number recorded last in 2022 indicates renewed whale activity in the asset.

Aave whales are stirring.

Last week saw 3,310 transactions exceeding $100k in $AAVE, the highest weekly number since 2022 pic.twitter.com/XEg7Am7RIc

— IntoTheBlock (@intotheblock) December 12, 2024

Thus, a potential breakout from this $447 barrier will offer the next stepping stone to prolong the current uptrend.

Source

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