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Billionaire Mark Cuban Is Buying This Crypto Asset at a Rapid Rate


Billionaire Mark Cuban Is Buying This Crypto Asset at a Rapid Rate

Billionaire investor Mark Cuban is doubling down on his bet on a top decentralized finance (DeFi) project.


The Dallas Mavericks owner and Shark Tank star’s Ethereum wallet address was revealed last week after he promoted a digital collectible listed on the non-fungible token (NFT) marketplace Rarible via his social media account.


The wallet revealed Cuban had 450 staked Aave (AAVE), a decentralized lending platform that’s surged nearly 200% in value the past two weeks, according to CoinGecko. Cuban’s initial 450 Aave purchase was worth roughly $128,500.


Cuban’s wallet address now shows he owns more than 947 Aave, all of which are staked. That haul is worth more than $460,000 at time of writing.


Cuban is not the only high-profile investor to show some interest in the lending platform. In a recent interview, Mike Novogratz, the CEO of crypto investment firm Galaxy Digital, said Aave was one of a handful DeFi assets that he believes could “blow up the world” and replace JP Morgan and the New York Stock Exchange in the future. Read More



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