A prominent whale investor, leveraging revolving loans, recently expanded their long position on AAVE by purchasing 11,605 tokens at $258 each, funded by an additional 3 million USDT borrowed nine hours ago. This move brings their total borrowed amount since October to $8.83 million, used to acquire 87,454 AAVE at an average price of $166. With AAVE’s price now at $270, the investor’s floating profit has surged to an impressive $9.22 million. AAVE’s growth trajectory suggests more upside potential, fueled by several bullish factors: 1. Increased Lending Protocol Demand in Bull Markets During this year’s bull market, the demand for

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Litecoin ($LTC) has surged past its weekly resistance level as predicted, setting its sights on a target of $150. The cryptocurrency’s market cap has seen a $1 billion increase, climbing 15% to reach $119.64 billion. This breakout has significantly benefited Litecoin holders, with nearly 80% now in profit—the highest percentage since November 2021, when $LTC traded at $220. The rally has also spurred long-term holders to liquidate, as evidenced by a spike in Liveliness to 0.71 and a net outflow of nearly 1 million coins from wallets. With Litecoin’s current breakout, nearly 80% of holders are now in profit. This

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Scroll, a prominent Ethereum Layer 2 network, has achieved a significant milestone by reaching $1 billion in total value locked (TVL). According to L2Beat, Scroll’s TVL surged by 21.9% over the past week, bringing it to $1.01 billion. This impressive growth makes Scroll the eighth Ethereum Layer 2 network to surpass the $1 billion TVL mark. Scroll TVL Reaches $1 Billion@Scroll_ZKP hits a major milestone with $1 billion in TVL as the market turns bullish. pic.twitter.com/bJe9iUkNz3 — CryptoRank.io (@CryptoRank_io) July 15, 2024 Breakdown of Scroll’s TVL Scroll’s TVL composition is dominated by Ethereum (ETH), which accounts for 87.17% of the

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