In the first week of November 2024, crypto whales have been investing heavily in several altcoins, including Aave (AAVE), Cardano (ADA), and Avalanche (AVAX). The buying patterns of these large players have had a significant impact on the market prices of these altcoins.

For AAVE, the recent interest from whales can be attributed to Donald Trump's election victory and his launch of a crypto project using the Aave protocol. This has led to increased interest in AAVE and other DeFi tokens. AAVE's large holders' netflow has surged by 1,000% in the last seven days, indicating substantial accumulation by whales. This has also resulted in a 27% price increase for AAVE in the last 30 days.

Similarly, crypto whales have also bought ADA, with the number of addresses holding between 100 million to 1 billion ADA increasing from 2.83 billion to 2.96 billion. This amounts to the purchase of 130 million ADA this week, leading to a 25.31% price increase in the last seven days.

As for AVAX, whales initially sold a significant amount of the token on November 6. However, the news of BlackRock potentially launching its tokenization Fund on the Avalanche blockchain has led to a change in sentiment, and whales have started buying AVAX. Over $15 million worth of the token has been purchased by large holders, resulting in a 12% price hike this week.

Overall, the buying patterns of crypto whales have had a positive impact on the prices of AAVE, ADA, and AVAX. If whales continue to accumulate these tokens, their prices may continue to increase. However, if these investors reduce their buying activities, the values of these altcoins may decrease.



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