Whales Quietly Accumulate DeFi Tokens OTC

The DeFi sector has been seeing high-value transfers in the recent hours. As per the data from Spot On Chain, 2 crypto whales have obtained a cumulative 818,474 $UNI and 115,719 $AAVE tokens directly from the crypto trading firm Cumberland. The on-chain analytics firm disclosed this OTC accumulation on social media.

2 Whales Accumulate $20M in $AAVE and $UNI OTC

The data reveals that the Cumberland-based wallet “0xad6eaa…” transacted tokens to a couple of fresh wallets. One of the wallets obtained 83,011 $AAVE tokens, and the other wallet got a couple of batches, accounting for a total of 32,708 $AAVE tokens. Along with that, another wallet received 818,474 $UNI. The respective transactions raise the speculation about the increasing whale accumulation in the case of the DeFi assets over the counter.

The 3 transfers cumulatively signify a cumulative shift of $20M in DeFi tokens in a short time of one and a half days. This event took place without any significant impact on open exchanges. Such a token movement through OTC routes usually serves as a bullish sign. Hence, it permits whales to accumulate big asset holdings without leading to market volatility.

Huge DeFi Token Accumulation Underscores Potential Positioning Before Likely Market Upswing

According to Spot On Chain , these stealthy DeFi accumulation operations have occurred when the decentralized finance valuation has been comparatively subdued. This points toward strategic positioning ahead of a likely market upswing. While institutional players are mostly delving into yield-generation opportunities in DeFi platforms, this event could be included in a wider investment thesis predicting a sector resurgence.