By Nermeen Nabil Khear 
The DeFi tokens category saw an uptick on Wednesday while the biggest crypto, Bitcoin, remained under immense selling pressure. High-rolling traders have quickly moved to profit-taking mode, dumping top DeFi tokens like Aave (AAVE), Chainlink (LINK), and Uniswap (UNI).
The global digital assets market recorded a marginal surge over the last day. The cumulative crypto market cap stood at $3.22 trillion. The total 24-hour trading volume took a hit of 29% to stand at $169 billion. However, the Fear and Greed index flashed “Fear” sentiment among investors as Bitcoin failed to regain the $100,000 mark.
Smart money exits DeFi
As per the data shared by SpotOnChain, more whales have been noticed offloading DeFi tokens while this category of cryptos added more gains. One trader “0x257” moved ahead to deposit around $8 million worth of 4 assets to the crypto exchange, Binance. This whale had been a long-term holder of AAVE, LINK, and UNI tokens since mid-2022.
The whale dumped more than 13K of AAVE tokens (worth $3.5 million), bagging a 255% profit of $2.56 million. AAVE price jumped from the $253 zone to hit the $276 level. AAVE price surged by around 8% in the last 24 hours but failed to clear traces of its earlier collapse. The token is down by 20% over the past 30 days. AAVE is trading at an average price of $271 as of press time.
Another multi-sig wallet “0xa92” swapped 10,090 Staked Ethereum (STETH) (worth $26.5 million) for 102,259 AAVE at an average price of $259.13. This wallet is now holding 230,192 AAVE (worth $62.2 million) with an unrealized profit of more than $18 million.
Massive $AAVE purchases detected!
In the past 5 hours, whale multi-sign wallet “0xa92” swapped 10,090 $STETH ($26.5M) for 102,259 $AAVE at an average price of $259.13.
Currently, this wallet holds 230,192 $AAVE ($62.2M) with an unrealized profit of over $18M (+42%).
Follow… pic.twitter.com/SXmx9nLk6m
— Spot On Chain (@spotonchain) February 5, 2025
The whale wallet then deposited 161,463 Chainlink (worth $3.13 million), bagging a gain of $2.13 million. LINK price is still up by 60% in the last 90 days despite watching a decline of 15% in the last 7 days.
The crypto whale did the right thing by getting off the ship. LINK is trading at an average price of $19.53 as of press time. Its 24-hour trading volume dropped by 46% to stand at $895 million.
BlockTower dumps $16.78M
One big-money trader moved 85,529 UniSwap (worth $760K) to Binance, securing a gain of $258,000. UNI price jumped by over 3% in the last 24 hours despite dropping by 22% in the past 7 days. UNI is trading at an average price of $9.25 as of press time.
BlockTower Capital deposited $16.78M in 4 #DeFi tokens to #Binance over the past 9 hours, likely taking a net loss of $2.94M. The deposits include:
• 532,754 $UNI ($5.33M) → earning $579K (+12%)
• 197,451 $LINK ($4.29M) → losing $426.5K (-9%)
• 3,862 $MKR ($3.77M) →… pic.twitter.com/fueee6dv1F
— Spot On Chain (@spotonchain) February 4, 2025
Amid this sell-off, BlockTower Capital also deposited $16.78 million in 4 DeFi tokens to Binance over the past 9 hours. However, it took a net loss of around $3 million. It deposited 532,000 UniSwap tokens (worth $5.33 million), bagging a profit of $579,000. It then dumped 197,000 LINK at a loss of $426,000, 3,862 MKR for a loss of $1.7 million, and $5.15 million at a $1.3 million loss.
The BlockTower still holds $21.7 million in assets in its wallets.
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This articles is written by : Nermeen Nabil Khear Abdelmalak
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