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Aave ($AAVE) has been garnering significant attention from both investors and institutions following its impressive performance. Amid this rising interest, the Trump family’s crypto project, World Liberty, has once again made a notable investment in $AAVE.
World Liberty Investment in $AAVE
On December 14, 2024, a blockchain social media platform shared a report that World Liberty spent 662,630 $USDC to buy 1,842.532 $AAVE through Cow Protocol. With this, World Liberty’s total holdings have soared to 5,886 $AAVE, worth nearly $2.27 million.
The Trump family crypto project World Liberty spent 662,630 $USDC to purchase 1,842.632 $AAVE through Cow Protocol from 23:51 on December 13 to 2:57 UTC+8 the next day. Currently, World Liberty holds a total of 5,886 $AAVE, worth approximately $2.27 million. https://t.co/4Vgv1K5RtZ https://t.co/uCKjSMFvDc
— Wu Blockchain (@WuBlockchain) December 14, 2024
However, this is the third notable purchase the Trump family crypto project has made in the past three days. It started on December 12, when they invested 1 million $USDC in $AAVE. On December 13, they invested 246,722 $USDC to buy $AAVE, and now they have spent 666,630 $USDC.
This recent investment in $AAVE has led to a significant 30% price surge over the past three days. Moreover, the investment has the potential to further propel $AAVE prices, similar to the upward momentum the community has witnessed recently.
According to expert technical analysis, $AAVE appears bullish and has strong support from investors. There is a strong possibility it could soar by 12% to reach the next resistance level of $430 in the coming days.
Current Price Momentum
Currently, $AAVE is trading near $380 and has experienced a price surge of over 1.1% in the past 24 hours. However, during the same period, its trading volume dropped by 40%, indicating a decrease in interest from traders and investors compared to the previous day.