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The emergence of Donald Trump as the new US President has also galvanized crypto-focused investment companies. BlockTower Capital, known for its crypto investment management services to corporate companies, bought AAVE and UNI.
According to the information provided by Lookonchain, the company; Wintermute received $2.8 million AAVE and $2.1 million UNI tonight from FalconX, Cumberland, B2C2Group and Galaxy Digital.
DeFi tokens were not transferred at all.
Bitcoin, which launched in 2024 with Bitcoin Spot ETF approvals, reached $73,000 before the end of the first quarter. However, altcoins have not benefited from these sharp gains. Geopolitical tensions, especially since March, have seriously increased the volatility of Bitcoin. This situation causes altcoins to melt with every price movement.
This year, while Meme coins have had massive rallies, much-anticipated DeFi coins have stagnated. DeFi tokens, which experienced a huge surge in the summer months of 2020, have multiplied from their current levels.
At the time of writing, UNI was trading around $9 and AAVE around $180.
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