Arthur Cheong, the founder and CEO of DeFiance Capital, posted on X stating: "Despite the overall market weakness, AAVE's price is close to its cycle high. This may be institutional funds buying in order to claim holdings of Aave in their year-end reports, as it is one of the best-performing DeFi assets and an important representative of the future of finance."
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DeFiance Capital founder: AAVE is close to the cycle high, which may be driven by institutional funds
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