News Formal

Is Aave Companies’ latest acquisition an attempt to boost AAVE’s price action

  • 📰 CryptoAmb
  • ⏱ Reading Time:
  • 22 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 12%
  • Publisher: 68%

South Africa News News

South Africa South Africa Latest News,South Africa South Africa Headlines

Aave Companies confirmed the acquisition of Sonar, a Web3 social gaming application AAVE’s price continued to decline and remained significantly unprofitable Aave Companies, the developers of DeFi protocol Aave and decentralized social network Lens Protocol, announced the acquisition of web3 social gaming application Sonar on 5 December. Following the acquisition, Sonar would be integrated with […]

traded at $63.97 at press time. Due to the impact of FTX’s sudden collapse, the token’s price declined by 30% in November., last month witnessed the count of unique addresses that traded fall by 83%. Likewise, the count of new addresses that joined the network daily declined by 63%.However, within that same period, AAVE recorded a drought of whale transactions. Data from Santiment revealed that in the last 30 days, only nine whale transactions exceeded $100,000.

Moreover, whale transactions of over $1 million were almost non-existent within the period under review – only one transaction was completed in the last 30 days.Furthermore, holding AAVE has been significantly unprofitable for its investors in the last month. In fact, this has been the situation since the beginning of the year. As of this writing, AAVE’s Market Value to Realized Value posted a negative value of -77.57%.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 22. in ZA

South Africa South Africa Latest News, South Africa South Africa Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Opinion: Why more ‘For Sale’ signs will appear at companies focused on rolling up rivalsMarket leaders continue to expand through ever-larger acquisitions, but smaller roll-ups stop rolling when their share prices tank and cheap capital dries up
Source: globeandmail - 🏆 5. / 92 Read more »

The Best Catering Companies in TorontoThe best catering companies in Toronto can feed a crowd in style. Whether you want passed appetizers, food stations, a full sit-down meal or buffet...
Source: blogTO - 🏆 44. / 63 Read more »

Canadian companies see profits in providing underground water technology to dry ArizonaEdmonton-headquartered EPCOR is the largest private water utility in Arizona. Liberty Utilities, which is owned by Oakville, Ont.-based Algonquin Power & Utilities Corp., ranks second or third, depending on the metric 👍🇨🇦
Source: globeandmail - 🏆 5. / 92 Read more »