This week, the cryptocurrency market witnessed an accelerated sales pressure amid Doland Trump’s new customs policy. So, while the price of Bitcoin fell to $91,000 on Monday, the Flash saw a $2,100 drop in Ethereum prices. Amid a new bearish momentum, the top defi token struggled to play, and recently recorded sales of whales selling tips for further downfall.
According to CoinmarkEcap, Defi Crypto’s market capitalization was $8.412B billion, down 32.36% on the last day.
Important highlights:
Recent sales of top Defi Tokens such as Aave, Chainlink, Uniswap and Eigen by Crypto whales show potential risks of downward trends in these assets.
Aave and Link prices show temporary pullbacks using the Bull flag pattern to pave the way for a decisive breakout.
The long-standing support trend line will drive the current uptrends of UNI prices.
Crypto Whale sells $7.96 million worth of Defi tokens amid market uncertainty
According to a recent tweet from SpotonChain, the smart whale, identified as “0x257,” offloaded a Defi Token worth $7.96 million to Binance. This strategic sale included key coins such as Aave, ChainLink, Uniswap (UNI) and Eigenlayer uniqueness.
Whale activity collapse:
13,816 Aave secured a massive profit of $2.56 million (+255%) at $3.54 million.
161,463 links worth $3.13 million, locked at $2.13 million profit (+213%)
85,529 UNI total of 758K, 258K profit (+52%).
289,399 Eigen tokens billed via Eigenlayer for staining ETH via ETH.
The timing of these large transactions coincides with growing concerns over the long-term revisions in February. Historically, whale sales have coincided with the leading market leaders, increasing sales pressure, indicating that these assets continue to move downward in the coming weeks.
#defi tokens with more whales offloaded!
Eight hours ago, smart whale “0x257” deposited four assets worth $7.96 million in #binance, including three major #defi tokens.
•13,816 $aave ($3.54M) → +$2.56M profit (+255%)
•161,463 $link ($3.13mm) → +$2.13m profit (+213%)
•85,529 $uni ($758k)…https://t.co/xlqj0roxsf pic.twitter.com/3v0vvh7yro
– February 5th, 2025, spots from the chain (@spotonchain)
aave (aave)
Over the past two months, Aave Price has shown a narrow, lateral trend, struggling to surpass the $400 level. However, integration reveals the formation of well-known continuation pattern flags.
Currently trading at $260, Aave Price is looking for stability to surpass its low-trend line of patterns before its next recovery. A breakout from flag resistance will increase purchasing pressure to chase the $440 and $520 highs.
ChainLink
Over the past two months, the chain link price has been significantly revised from $31 to $18.96, recording a 38% loss. However, this correction resonated closely with the two downslope trend lines, revealing the formation of a flag pattern.
With the current market correction, link prices will plummet by an additional 15%, allowing them to seek support at $16.33. However, buyers will have to chase the $50 high to get back control of potential breakouts from flag resistance.
uniswap (uni)
Over the past two months, UNISWAP prices have witnessed aggressive revisions from the $19.4 to $9.25 level, accounting for a 52% loss. However, the pullback allows buyers to seek sustainability beyond the long-term trendline for $8.8.
This ascending trendline remains intact since August 2024, serving as a key pullback point for crypto buyers to restore the bullish momentum of the cluster. A potential turnaround from this dynamic support allows buyers to regain a higher chart level for $12.76, followed by $20.
Eigen
On the daily time frame chart, Eigen Coin prices showcase V-Top reversals from $5.65 to $1.83, with a loss of 67.61%. Marked by a series of low-rise hills, this pullback shows that market sentiment continues to allow for sold emotions.
Unlike other defi tokens, Integrity continues to predict a bearish outlook, following a $1.54 collapse from a recent breakdown from previous bottom support. With sustained sales, the intrinsic price will drop the current fix by an additional 18% to $1.5 support, followed by a psychological level of $1.0.
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