A seasoned crypto trader says one digital asset sector is about to quietly repeat its 2021 rally.
A pseudonymous trader known as Blantz is telling his 304,000 followers on social media platform X that the decentralized finance (DeFi) sector is “minuscule” following news that a crypto project linked to President-elect Donald Trump has hoarded tokens.
Blanz says:
“The President is accumulating DeFi coins and creating his own DeFi company.
I think it’s safe to assume that the risks of DeFi have now been mitigated and should recur in 2021.”
Crypto analytics platform Arkham recently reported that Trump platform World Liberty Financial (WLFI) has purchased $50 million worth of DeFi coins, including Ethereum (ETH), Chainlink (LINK), and Aave (AAVE).
Given WLFI’s buying, Blanz says he is bullish on the decentralized stablecoin protocol Ethena (ENA), noting that traders are shorting the altcoin.
“The President buys ENA and the funding is negative -0.05.
I’m seriously interested in what happens in people’s brains sometimes.
Who’s shorting this?
Similarly, the trader is bullish on AAVE after a very long period of accumulation. He says hitting an all-time high for AAVE is now almost certain.
“In my opinion, Aave has an amazing chart on high time frames.
It’s accumulated over 833 hellish days, that’s a long accumulation, and it’s really in the markup phase now.
There’s no way this isn’t hitting all-time highs.
The president-elect is literally greenlighting DeFi with his actions, even though he has not yet taken office.
Run where the puck is going.”
At the time of writing, AAVE is worth $367.87.
