This Crypto Sector Is About To Do a Repeat of 2021 Explosion, According to Top Trader

A veteran crypto trader says that one digital assets sector is about to pull off an under-the-radar repeat of its 2021 rallies.

The pseudonymous trader known as Bluntz tells his 304,000 followers on the social media platform X that the decentralized finance (DeFi) sector is “de-risked” following news that the crypto project linked to President-elect Donald Trump has accumulated tokens.

Says Bluntz,

“The president is accumulating DeFi coins and is making his own DeFi company.

I think it’s safe to assume DeFi is now de-risked and due for a 2021 repeat.”

Crypto intelligence platform Arkham recently reported that Trump’s World Liberty Financial (WLFI) platform purchased $50 million worth of DeFi coins, including Ethereum ( ETH ), Chainlink ( LINK ), and Aave ( AAVE ).

Taking note of WLFI’s purchases, Bluntz says he’s bullish on the decentralized stablecoin protocol Ethena ( ENA ), noting that traders are shorting the altcoin.

“The president is buying ENA and funding is negative -0.05.

I seriously wonder what goes through people’s brains sometimes.

Who is shorting that?”

Similarly, the trader is bullish on AAVE after a very lengthy accumulation period. He says that a shot to all-time highs for AAVE is now a near-certainty.

“Aave has an amazing high time frame chart here in my opinion.

It accumulated for 833 days of hell, that’s a long-a** accumulation and is now well and truly in the markup phase.

There is no way this isn’t seeing all-time highs.

The president-elect is literally green-lighting DeFi with his actions and he’s not in office yet.

Skate to where the puck is going.”

At time of writing, AAVE is worth $367.87.

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