AAVE

August 2024 was a challenging period for the Ethereum on-chain lending market, with the total liquidation value soaring to $436 million. 

Ethereum On-Chain Lending Market Experiences Massive Liquidation Amid ETH Price Drop

<img src="https://static.bittime.com/cms-static/upload/Ethereum_On_Chain_Lending_Market_Experiences_Massive_Liquidation_Amid_ETH_Price_Drop_28e4708d12.png" alt="Ethereum On-Chain Lending Market Experiences Massive Liquidation Amid ETH Price Drop" width="1024" height="576"><meta charset="utf-8"><a style="text-decoration:none;" target="_blank" rel="noopener noreferrer" href="https://www.bittime.com/?content_id=news&amp;cn=400001">Bittime</a> - August 2024 was a challenging period for the Ethereum on-chain lending market, with the total liquidation value soaring to $436 million. This figure marks the second largest monthly liquidation volume ever recorded, only beaten by a $671 million liquidation event in May 2021.These significant liquidations highlight the vulnerability of decentralized finance (DeFi) platforms to sharp declines in asset prices, especially when those assets are widely used as collateral.<a target="_blank" rel="noopener noreferrer" href="https://www.bittime.com/register?content_id=news&amp;cn=400001"><img src="https://static.bittime.com/cms-static/upload/Banner_2_988b13eca2.webp" alt="Banner 2" width="1999" height="415"></a><h2 style="line-height:1.7999999999999998;margin-bottom:10pt;margin-top:10pt;text-align:justify;" dir="ltr">Aave in Liquidation Center as ETH Price Plummets</h2>Aave, one of the leading DeFi lending platforms, was hit hardest, accounting for $289 million or 66% of total liquidations in August. The platform's heavy reliance on Ethereum (ETH) as collateral played a significant role in this outcome.&nbsp;When the value of ETH plummeted, many borrowers found their loan-to-value (LTV) ratios fell below acceptable levels, triggering a wave of liquidations. The sharp drop in ETH price creates a chain effect, where the liquidation of one loan will trigger the liquidation of others, worsening the overall impact on the market.<h2 style="line-height:1.7999999999999998;margin-bottom:10pt;margin-top:10pt;text-align:justify;" dir="ltr">Impact of 22% ETH Price Drop</h2>The main cause behind this surge in liquidations was the 22% drop in ETH price throughout August. When the price of ETH falls, the collateral backing many loans becomes insufficient to cover the amount borrowed, forcing lenders to liquidate positions to protect themselves from potential losses.&nbsp;The widespread use of ETH as collateral on platforms like Aave makes this price drop particularly detrimental, as it affects a large number of loans simultaneously.<a target="_blank" rel="noopener noreferrer" href="https://www.bittime.com/staking?content_id=news&amp;cn=400001"><img src="https://static.bittime.com/cms-static/upload/banner_staking_coin_8abe277d88.webp" alt="banner staking coin.webp" width="2985" height="620"></a><h2 style="line-height:1.7999999999999998;margin-bottom:10pt;margin-top:10pt;text-align:justify;" dir="ltr">Chain Liquidation and its Impact</h2>The liquidation in August was not an isolated event; they are part of a larger, mutually reinforcing cycle. When one loan is liquidated, this often leads to further liquidations, as the selling pressure from the initial liquidation will push the price of ETH even lower.&nbsp;This feedback cycle results in very high liquidation volumes, as more and more loans become less secured and are subsequently liquidated. This phenomenon highlights the risks associated with leveraged positions in volatile markets, especially in the DeFi ecosystem where assets like ETH are often used as collateral.<h2 style="line-height:1.7999999999999998;margin-bottom:10pt;margin-top:10pt;text-align:justify;" dir="ltr">Wider Market Weakness&nbsp;</h2>The weakness in the Ethereum lending market reflects broader trends in the cryptocurrency market during August 2024. The entire crypto market experienced significant declines, with some days of long futures liquidations exceeding $150 million each day.&nbsp;This broader market downturn had ripple effects across multiple sectors, including centralized perpetual exchange (CEX) contracts, decentralized perpetual exchange (DEX) contracts, on-chain activity, and even gas fees.&nbsp;The interconnectedness of these markets means that a sharp decline in one area, such as the price of ETH, can quickly spread to other areas, exacerbating the overall impact.<h2 style="line-height:1.7999999999999998;margin-bottom:10pt;margin-top:10pt;text-align:justify;" dir="ltr">Conclusion</h2>August 2024 will be remembered as a month with massive liquidations in the Ethereum on-chain lending market, caused in large part by a sharp drop in the price of ETH.&nbsp;This month's events highlight the inherent risks of DeFi lending platforms, especially in volatile markets where price fluctuations can quickly lead to large-scale liquidations.&nbsp;As the market continues to evolve, participants on these platforms need to remain vigilant and consider the risks associated with leveraged positions in such an unpredictable environment.<h2 style="line-height:1.7999999999999998;margin-bottom:6pt;margin-top:10pt;text-align:justify;" dir="ltr">How to Buy Crypto on Bittime</h2><a target="_blank" rel="noopener noreferrer" href="https://www.bittime.com/how-to-buy?content_id=news&amp;cn=400001"><img src="https://static.bittime.com/cms-static/upload/banner_cara_beli_ab926002c1.webp" alt="cara beli crypto di bittime" width="2985" height="620"></a><meta charset="utf-8">You can buy and sell crypto assets in an easy and safe way via&nbsp;<a style="text-decoration:none;" target="_blank" rel="noopener noreferrer" href="https://www.bittime.com/?cn=400001">Bittime</a>. Bittime is one of the best crypto applications in Indonesia which is officially registered with Bappebti.&nbsp;To be able to buy crypto assets on&nbsp;<a style="text-decoration:none;" target="_blank" rel="noopener noreferrer" href="https://www.bittime.com/?cn=400001">Bittime</a>, make sure you have registered and completed identity verification. Apart from that, also make sure that you have sufficient balance by depositing some funds into your wallet. For your information, the minimum purchase of assets on Bittime is IDR 10,000. After that, you can purchase crypto assets in the application.&nbsp;Learn<a style="text-decoration:none;" target="_blank" rel="noopener noreferrer" href="https://www.bittime.com/how-to-buy"> How to Buy Crypto on Bittime</a>.Monitor price chart movements of&nbsp;<a style="text-decoration:none;" target="_blank" rel="noopener noreferrer" href="https://www.bittime.com/price/BTC">Bitcoin (BTC)</a>,&nbsp;<a style="text-decoration:none;" target="_blank" rel="noopener noreferrer" href="https://www.bittime.com/price/ETH">Ethereum (ETH)</a>,<a style="text-decoration:none;" target="_blank" rel="noopener noreferrer" href="https://www.bittime.com/price/SOL"> Solana (SOL)</a> and other cryptos to find out today's crypto market trends in real-time on Bittime.

thumbnail_Ethereum On-Chain Lending Market Experiences Massive Liquidation Amid ETH Price Drop.png

Ethereum On-Chain Lending Market Experiences Massive Liquidation Amid ETH Price Drop.png

 August 2024 was a challenging period for the Ethereum on-chain lending market, with the total liquidation value soaring to $436 million. 

AAVE showed a strong recovery after dropping from $144. It is now stable at $118 and shows potential to break $200 by the end of September. Check out the complete analysis!

Can AAVE break $200 by September? Check out the predictions!

Bisakah AAVE menembus  200 pada September Simak prediksinya!

thumbnail_Bisakah AAVE menembus  200 pada September Simak prediksinya! (1).webp

Bisakah AAVE menembus  200 pada September Simak prediksinya! (1).webp

Aave launched V3 in the Mainnet Era, bringing a price increase of over 30%. Can Aave reach new heights, or will this rally lose steam?

Aave Releases Mainnet Era, Here's the Impact on Coin Prices!

<img src="https://static.bittime.com/cms-static/upload/Aave_Releases_Mainnet_Era_Here_s_the_Impact_on_Coin_Prices_d9a6b74562.webp" alt="Aave Releases Mainnet Era, Here's the Impact on Coin Prices!.webp" width="2048" height="1152"><a style="text-decoration:none;" target="_blank" rel="noopener noreferrer" href="https://www.bittime.com/?cn=400001">Bittime</a> -&nbsp;Aave, one of the leading projects in the Decentralized Finance (DeFi) world, has stolen the spotlight this August. With an increase of more than 30% since the start of the month, Aave is showing impressive performance.&nbsp;Ultimately, on August 21, Aave announced the launch of Aave V3 in the Mainnet Era, powered by ZKsync's Zero-Knowledge (ZK) roll-up technology. This launch brings some significant changes that may impact the price of Aave coin going forward.<a target="_blank" rel="noopener noreferrer" href="https://www.bittime.com/reward/dogsairdrop?content_id=news&amp;cn=400001"><img src="https://static.bittime.com/cms-static/upload/airdrop_dogs_bittime_14f57ae441.webp" alt="airdrop dogs bittime.webp" width="2985" height="620"></a><h2 style="line-height:1.38;margin-bottom:12pt;margin-top:12pt;text-align:justify;" dir="ltr">What is Aave V3 and Mainnet Era?</h2>Aave V3 is the latest version of the Aave protocol that is now launching on Mainnet Era, a blockchain platform that leverages ZKsync technology.&nbsp;This technology enables greater scalability, better privacy, and higher levels of security than ever before. According to Aave founder and CEO, Stani Kulechov, the combination of ZK proof and the Aave ecosystem will take DeFi to a new level.Additionally, with the partnership with Chainlink, the market data used by the protocol will be more reliable, thereby supporting institutional use and the development of more privacy-focused DeFi applications.Read also:&nbsp;<a style="text-decoration:none;" target="_blank" rel="noopener noreferrer" href="https://www.bittime.com/how-to-buy/AAVE">Cara Membeli Aave (AAVE)</a><h2 style="line-height:1.38;margin-bottom:12pt;margin-top:12pt;text-align:justify;" dir="ltr">Impact On Aave Coin Price</h2>After rebounding from its low point on August 5, Aave price continues to rise. Currently, Aave is trading near its yearly high of $153, with the potential to reach $200 if this momentum continues.&nbsp;However, the question is whether Aave can break through this resistance level or whether this rally will lose steam like it did last March.<h2 style="line-height:1.38;margin-bottom:12pt;margin-top:12pt;text-align:justify;" dir="ltr">On-Chain Activity dan Total Value Locked (TVL)</h2>Aave's on-chain activity has also seen a significant increase. Aave V3's Total Value Locked (TVL) will nearly triple in 2024, from $6.6 billion to $20 billion in July.&nbsp;Although the current TVL is down slightly to $17.5 billion, this increase in activity shows the growing confidence in the Aave platform.<a target="_blank" rel="noopener noreferrer" href="https://www.bittime.com/register?content_id=news&amp;cn=400001"><img src="https://static.bittime.com/cms-static/upload/Banner_2_988b13eca2.webp" alt="Banner 2" width="1999" height="415"></a><h2 style="line-height:1.38;margin-bottom:12pt;margin-top:12pt;text-align:justify;" dir="ltr">Future Potential of Aave Price</h2>Technically, Aave shows the potential to continue its upward trajectory. After several bounces from long-term support lines, Aave is now trading just 10% below its yearly high of $154.&nbsp;If Aave manages to break the resistance at $120, further upside towards $240 becomes very likely.<h2 style="line-height:1.38;margin-bottom:12pt;margin-top:12pt;text-align:justify;" dir="ltr">Conclusion</h2>The launch of Aave V3 in Mainnet Era brings various changes that could have a significant impact on the price of Aave coin.&nbsp;With a potential upside of up to $240 and increasing confidence in the platform, Aave could be one of the coins to watch in the next few months.&nbsp;For DeFi investors and users, this is an important moment to monitor the further development of Aave and how this innovation will impact the market.<h2 style="line-height:1.7999999999999998;margin-bottom:6pt;margin-top:10pt;text-align:justify;" dir="ltr">How to Buy Crypto on Bittime</h2><a target="_blank" rel="noopener noreferrer" href="https://www.bittime.com/how-to-buy?content_id=news&amp;cn=400001"><img src="https://static.bittime.com/cms-static/upload/banner_cara_beli_ab926002c1.webp" alt="cara beli crypto di bittime" width="2985" height="620"></a><meta charset="utf-8">You can buy and sell crypto assets in an easy and safe way via&nbsp;<a style="text-decoration:none;" target="_blank" rel="noopener noreferrer" href="https://www.bittime.com/?cn=400001">Bittime</a>. Bittime is one of the best crypto applications in Indonesia which is officially registered with Bappebti.&nbsp;To be able to buy crypto assets on&nbsp;<a style="text-decoration:none;" target="_blank" rel="noopener noreferrer" href="https://www.bittime.com/?cn=400001">Bittime</a>, make sure you have registered and completed identity verification. Apart from that, also make sure that you have sufficient balance by depositing some funds into your wallet. For your information, the minimum purchase of assets on Bittime is IDR 10,000. After that, you can purchase crypto assets in the application.&nbsp;Learn<a style="text-decoration:none;" target="_blank" rel="noopener noreferrer" href="https://www.bittime.com/how-to-buy"> How to Buy Crypto on Bittime</a>.Monitor price chart movements of&nbsp;<a style="text-decoration:none;" target="_blank" rel="noopener noreferrer" href="https://www.bittime.com/price/BTC">Bitcoin (BTC)</a>,&nbsp;<a style="text-decoration:none;" target="_blank" rel="noopener noreferrer" href="https://www.bittime.com/price/ETH">Ethereum (ETH)</a>,<a style="text-decoration:none;" target="_blank" rel="noopener noreferrer" href="https://www.bittime.com/price/SOL"> Solana (SOL)</a> and other cryptos to find out today's crypto market trends in real-time on Bittime.

thumbnail_Aave Releases Mainnet Era, Here's the Impact on Coin Prices!.webp

Aave Releases Mainnet Era, Here's the Impact on Coin Prices!.webp

Aave Labs has announced the launch of Aave V3 on ZKSync Era mainnet. The following is a complete explanation of the details of the Aave and ZKSync collaboration.

Aave V3 Officially Launched in ZKSync Mainnet Era

thumbnail_kolaborasi Aave dan ZKSync - Bittime (1).webp

kolaborasi Aave dan ZKSync - Bittime (1).webp

Aave has grown to become the largest and most robust protocol in its category, with $7.5 billion in active loans. Read the explanation!

Analysis Behind the Skyrocketing Aave Project, Listen to the Explanation!

thumbnail_Analysis Behind the Skyrocketing Aave Project, Listen to the Explanation!.png

Analysis Behind the Skyrocketing Aave Project, Listen to the Explanation!.png

AAVE jumped 10% after breaking out of a downtrend, with the potential to reach $150. While FET rose 10% post-accumulation, with a bullish signal from MACD. Check here!

AAVE and FET Price Analysis: Price Surge in Q3 2024

Analisa Harga AAVE dan FET Lonjakan Harga di Q3 2024.webp

thumbnail_Analisa Harga AAVE dan FET Lonjakan Harga di Q3 2024 (1).webp

Analisa Harga AAVE dan FET Lonjakan Harga di Q3 2024 (1).webp

The activity of whales or large investors in Aave (AAVE) is increasing. Will DeFi coins become popular again? Keep reading this article to find out, come on!

Whale Activity on Aave (AAVE) Increases, Popular DeFi Coin Again?

<img src="https://static.bittime.com/cms-static/upload/Whale_Activity_on_Aave_AAVE_Increases_Popular_De_Fi_Coin_Again_c2ea8f1202.webp" alt="Whale Activity on Aave (AAVE) Increases, Popular DeFi Coin Again.webp" width="2048" height="1152"><meta charset="utf-8"><a style="text-decoration:none;" target="_blank" rel="noopener noreferrer" href="https://www.bittime.com/?cn=400001">Bittime</a> -&nbsp;The activity of whales or large investors in Aave (AAVE) is increasing. Will DeFi coins become popular again? Keep reading this article to find out, come on!<a target="_blank" rel="noopener noreferrer" href="https://www.bittime.com/staking?content_id=market_analysis&amp;cn=400003"><img src="https://static.bittime.com/cms-static/upload/banner_staking_coin_8abe277d88.webp" alt="banner staking coin.webp" width="2985" height="620"></a>Aave (AAVE) price jumped more than 6.4% in the last 24 hours. This increase comes amid increased whale investor activity and a broader recovery trend in the DeFi market.At the time this article was written (21 August 2024), Aave was ranked 44th as a crypto IDR 2.1 million) after experiencing an increase of 6.4% according to data from Coingecko.Even though it is experiencing an increase, Aave's price is still far below its record high, namely $661.6 (around Rp. 10,246,400). This decline reached 80.8%. Meanwhile, Aave's daily trading volume is currently around $392 million (around IDR 6 billion).Also read:&nbsp;<a style="text-decoration:none;" target="_blank" rel="noopener noreferrer" href="https://www.bittime.com/blog/roadmap-dan-ekosistem-caton-cton-lengkap-disini">CaTon $CTON Roadmap and Ecosystem, Complete Here</a><h2 style="line-height:1.7999999999999998;margin-bottom:12pt;margin-top:10pt;text-align:justify;" dir="ltr">Whale Activity Drives Aave's Rise</h2>Blockchain analytics company Lookonchain revealed that whale investors have increased their Aave holdings significantly in a short time, namely in just a three-hour window.&nbsp;Lookonchain data shows these large investors have purchased a total of 31,407 AAVE, with a value of around $3.92 million (around IDR 606.8 million).<img src="https://static.bittime.com/cms-static/upload/Aktivitas_Whale_Aave_705af82aed.webp" alt="Aktivitas Whale Aave." width="533" height="340">Sumber: LookonchainFor example, a big investor with address 0x3737 is known to have spent 813 ETH, equivalent to $2.18 million (around Rp. 3.3 billion) to buy 17,690 AAVE at a price of $123 per token (around Rp. 1.9 million).&nbsp;Another big investor, with address 0x1D15, withdrew 13,717 AAVE worth $1.73 million (around IDR 26 billion) from the Binance exchange. To date, these investors are recorded as having a total of 19,373 AAVE, with a value of around $2.45 million (around IDR 37 billion).<a target="_blank" rel="noopener noreferrer" href="https://www.bittime.com/blog?content_id=market_analysis&amp;cn=400003"><img src="https://static.bittime.com/cms-static/upload/Banner_Blog_7d687b658d.webp" alt="Banner Blog.webp" width="2985" height="620"></a><h2 style="line-height:1.7999999999999998;margin-bottom:12pt;margin-top:10pt;text-align:justify;" dir="ltr">DeFi Maturing, Aave Benefits</h2>This increase in investor activity towards Aave coincides with a broader recovery in the DeFi sector. Edward Wilson, Head of Marketing at Nansen Analytics, sees important changes in the crypto market.&nbsp;The current trend is shifting from the speculative meme coin frenzy to DeFi projects that have strong fundamentals.Also read:&nbsp;<a style="text-decoration:none;" target="_blank" rel="noopener noreferrer" href="https://www.bittime.com/blog/prediksi-koin-aave-naik-ke-harga-berapa">AAVE Coin Prediction, Can It Rise to What Price?</a>“This trend shift signals a market maturity that prefers sustainable growth over fleeting exuberance,” Wilson said in a statement to crypto.news.Nansen Analytics also observed an increase in Aave ownership by experienced investors. This increase reached around $5 million (around IDR 77.5 million) since the beginning of August. This rising confidence appears to be supported by a technical pattern on the Aave price chart."The 'Adam &amp; Eve bottom' pattern that is being formed shows strong potential for further price increases. This is in line with the market focus returning to strong fundamentals," explained Wilson.<a target="_blank" rel="noopener noreferrer" href="https://www.bittime.com/register?content_id=market_analysis&amp;cn=400003"><img src="https://static.bittime.com/cms-static/upload/Banner_2_988b13eca2.webp" alt="Banner 2" width="1999" height="415"></a>Previously in July, Aave's price had jumped 8% after Aave's founder, Marc Zeller, proposed a token buyback program. This program further fuels optimism for AAVE's future.<h2 style="line-height:1.7999999999999998;margin-bottom:6pt;margin-top:10pt;text-align:justify;" dir="ltr">How to Buy Crypto on Bittime</h2><a target="_blank" rel="noopener noreferrer" href="https://www.bittime.com/how-to-buy?content_id=market_analysis&amp;cn=400003"><img src="https://static.bittime.com/cms-static/upload/banner_cara_beli_ab926002c1.webp" alt="cara beli crypto di bittime" width="2985" height="620"></a>You can buy and sell crypto assets easily and safely via Bittime. Bittime is one of Indonesia's best crypto applications, officially registered with Bappebti.&nbsp;To be able to buy crypto assets on Bittime, make sure you have registered and completed identity verification. Apart from that, also ensure you have sufficient balance by depositing some funds into your wallet. For your information, the minimum purchase of assets on Bittime is IDR 10,000. After that, you can purchase crypto assets in the application. Study&nbsp;<a style="text-decoration:none;" target="_blank" rel="noopener noreferrer" href="https://www.bittime.com/how-to-buy/?content_id=market_analysis&amp;cn=400003">Complete Guide How to Buy Crypto on Bittime</a>.&nbsp;Monitor graphic movement<a style="text-decoration:none;" target="_blank" rel="noopener noreferrer" href="https://www.bittime.com/price/BTC?content_id=market_analysis&amp;cn=400003">&nbsp;of Bitcoin (BTC) price</a>,&nbsp;<a style="text-decoration:none;" target="_blank" rel="noopener noreferrer" href="https://www.bittime.com/price/ETH?content_id=market_analysis&amp;cn=400003">Ethereum (ETH)</a>,<a style="text-decoration:none;" target="_blank" rel="noopener noreferrer" href="https://www.bittime.com/price/SOL?content_id=market_analysis&amp;cn=400003"> Solana (SOL),</a>&nbsp;and other cryptos to find out today's crypto market trends in real-time on Bittime.

thumbnail_Whale Activity on Aave (AAVE) Increases, Popular DeFi Coin Again.webp

Whale Activity on Aave (AAVE) Increases, Popular DeFi Coin Again.webp

AAVE price has yet to show any significant upside in the current crypto market cycle. Check out the AAVE price predictions and analysis in this article!

AAVE Coin Prediction, Can It Rise to What Price?

AAVE Coin Prediction, Can It Rise to What Price.

thumbnail_AAVE Coin Prediction, Can It Rise to What Price.png

AAVE Coin Prediction, Can It Rise to What Price.png

AAVE has just put forward an important proposal that has the potential to change the revenue dynamics of these token holders. Check out the following article for complete information!

AAVE Community Proposes Distribution of Protocol Revenue to Holders

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AAVE Community Proposes Distribution of Protocol Revenue to Holders.webp

Aave DAO, the decentralized autonomous organization behind leading lending protocol Aave, has reached consensus to deploy its protocol on ZKsync, Ethereum's Layer 2 solution. This decision reflects Aave's commitment to improving the scalability and efficiency of its platform.


Aave DAO: Full Community Support for Deployment in ZKsync

thumbnail_Aave DAO: Full Community Support for Deployment in ZKsync

- Aave DAO, the decentralized autonomous organization behind leading lending protocol Aave, has reached consensus to deploy its protocol on ZKsync, Ethereum's Layer 2 solution. This decision reflects Aave's commitment to improving the scalability and efficiency of its platform.

Aave DAO is a decentralized autonomous organization that manages leading lending protocol Aave. This DAO consists of AAVE token holders, who have voting rights in important decisions regarding the future of the protocol. Aave DAO has demonstrated its commitment to improving the scalability and efficiency of the Aave platform, and deploying on ZKsync is an important step in realizing that goal.

In the latest community vote, Aave DAO reached full consensus to implement the Aave protocol in ZKsync. This decision reflects the community's confidence in ZKsync's potential to improve Aave's scalability and efficiency. ZKsync is an Ethereum Layer 2 solution that uses “zero-knowledge proofs” technology to validate transactions off-chain. This allows ZKsync to process transactions with lower fees and higher speeds compared to Ethereum Layer 1.

Implementing Aave in ZKsync brings a number of benefits to users and the protocol. Key benefits include:

The implementation of Aave in ZKsync is expected to have a positive impact on the protocol in several ways:

 Scalability and lower transaction fees may attract more users to Aave.

 An increase in the number of users could lead to an increase in loan volume on Aave.

 Aave's increasing popularity could increase the value of the AAVE token.

Aave DAO's decision to implement the Aave protocol in ZKsync is an important step to improve the scalability and efficiency of the Aave platform. This implementation is expected to have a positive impact on Aave by increasing the number of users, loan volume and value of the AAVE token.

You can buy and sell crypto assets in an easy and safe way through Bittime. Bittime is one of the best crypto applications in Indonesia which is officially registered with Bappebti. 

To be able to buy crypto assets on Bittime, make sure you have registered and completed identity verification. Apart from that, also make sure that you have sufficient balance by depositing some funds into your wallet. For your information, the minimum purchase of assets on Bittime is IDR 10,000. After that, you can purchase crypto assets in the application. 

and other cryptos to find out today's crypto market trends in real-time on Bittime.

The founder of TRON, Justin Sun took another significant step by depositing 73,979 AAVE to Binance. The total value of these deposits reached $6.85 million or around IDR 109.6 billion, according to a report released by TechFlow and monitored by on-chain analyst Ember.

Reason Justin Sun Transfers AAVE Worth IDR 109.6 B to Binance?

Justin Sun Deposits 73,979 AAVE to Binance.png

thumbnail_Justin Sun Deposits 73,979 AAVE to Binance.png

- The founder of TRON, Justin Sun took another significant step by depositing 73,979 AAVE to Binance. The total value of these deposits reached $6.85 million or around IDR 109.6 billion, according to a report released by TechFlow and monitored by on-chain analyst Ember.

A strategic move from Justin Sun a few months earlier was to transfer the same amount of AAVE in multiple batches from Binance. At that time, Sun moved AAVE from the Binance platform about five months ago. 

Interestingly, if Justin Sun decides to sell all of AAVE now, he is estimated to suffer a loss of $320,000 or around IDR 5.12 billion. This shows that there were significant price fluctuations in that period.

Justin Sun's Accurate Strategy for Finding Profit in the Midst of Market Volatility

The decision to deposit AAVE back to Binance sparked speculation and in-depth analysis among crypto experts. High price volatility in the crypto market is always a challenge and opportunity for big investors like Justin Sun. 

With price fluctuations that can occur in a short period of time, Sun's actions could be part of a long-term strategy to optimize its digital asset portfolio.

According to the released data, this move appears to be part of a larger, planned strategy, where Sun may take advantage of certain moments in the market to reduce losses or even gain profits in the future. 

Given the often unpredictable dynamics of the crypto market, every investment decision has major implications.

Speculation Behind Justin Sun's Transactions

In the crypto community, every big step taken by a famous figure like Justin Sun always gives rise to speculation and theories. Some analysts speculate that these deposits returning to Binance could be a sign of bigger moves to come. 

Whether this is preparation for further investment or part of a plan to influence the market, only time will tell.

As a seasoned investor in the crypto world, Sun is known to have deep insight into market dynamics. His decision to deposit AAVE back to Binance can be seen as an indication of his views on the future potential of the asset. 

In a world where beliefs and perceptions can move markets, Sun's actions will certainly be watched closely by other market participants.

Analysts from TechFlow and Ember noted that this move should be seen in the broader context of market movements and long-term investment strategies. 

According to Ember, although Justin Sun may incur a loss if he sells all of AAVE now, the decision not to do so may be based on the expectation that AAVE's value will increase in the future.

“There are many factors that influence crypto asset prices, including market sentiment, technology adoption, and government regulations. "Sun's decision to remain holding AAVE shows its confidence in the long-term potential of the asset," said one analyst from TechFlow.

Justin Sun's latest move by depositing 73,979 AAVE back to Binance worth $6.85 million or around IDR 109.6 billion is a strategic move that will be closely watched by the crypto community. In the context of high market volatility, every major decision has a significant impact.

You can buy and sell crypto assets in an easy and safe way via Bittime. Bittime is one of the best crypto applications in Indonesia which is officially registered with Bappebti.

To be able to buy crypto assets on Bittime, make sure you have registered and completed identity verification. Apart from that, also make sure that you have sufficient balance by depositing some funds into your wallet.

For your information, the minimum purchase of assets on Bittime is IDR 10,000. After that, you can purchase crypto assets in the application.