Aave (AAVE), governance token of the eponymous lending platform, has had a value enhance of 44% within the final week.
The foremost driver for this motion has been a purchase order of this digital asset made by World Liberty Financial, the decentralized finance (DeFi) platform promoted by Donald Trump, the subsequent president of the United States.
Yesterday, December 11, 2024, World Liberty Financial purchased 3,357 AAVE for an quantity shut to $1 million.
Purchases of cryptocurrencies by acknowledged entities or public figures are interpreted as vital endorsement or curiosity within the Aave protocol. Thus, the asset will increase its visibility and attracts new traders, which generates an upward momentum in its value.
The buy may additionally have been to have liquidity on the platform and give you the chance to present providers to its customers.
Whatever the explanation for this acquisition, within the final 7 days, AAVE went from $262 to $377.
Likewise, it will be significant to keep in mind that, on the finish of November—as reported by CriptoNoticias—WLF introduced a partnership with Aave to launch an Aave V3 occasion on the Ethereum mainnet. The platform, which is reportedly below the management of Donald Trump Jr. and Eric Trump, selected Aave for its fame as “the best protocol in its class,” highlighting its safety and observe file.
WLF’s technique doesn’t cease on the Ethereum mainnet, and is aiming to develop to Scroll, a rollup identified for its low transaction charges and excessive efficiency. “This makes DeFi more affordable and accessible, allowing retail users to experience a seamless DeFi platform,” they highlighted from WLF.
