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AAVE price steady as whales buy, exchange supply plunges

2025-07-06 14:16:59

AAVE price steady as whales buy, exchange supply plunges

Main Idea

AAVE's price has rebounded significantly, with increased whale holdings and a decrease in exchange balances, signaling strong investor confidence and growth in the DeFi sector.

Key Points

1. AAVE price was trading at $272 on July 6, up 140% from its April low, with a market cap of $4.1 billion and daily volume over $250 million.

2. Whales increased their AAVE holdings by 3.4% over the last 30 days to 198,535, indicating expectations of continued upward trend.

3. AAVE balances on exchanges have been declining since February 2021, suggesting investors are moving tokens to self-custody.

4. Total value locked (TVL) in Aave has grown by 7.8% in the last 30 days to over $26 billion, making it one of the most profitable DeFi platforms.

5. AAVE has generated cumulative revenues of over $233 million, with $3.3 million in the last 24 hours.

6. AAVE price technical analysis shows it has remained above the 50-day and 100-day EMAs, with potential to reach $400, the highest level in 2024.

7. AAVE was originally ETHLend, founded in 2017 by Finnish entrepreneur Stani Kulechov, and rebranded in 2020 as a DeFi platform for borrowing and lending crypto.

Description

The price of AAVE held steady above the 50-day moving average as its role in decentralized finance grew, whales accumulated, and exchange reserves plunged. Aave ( AAVE ) price was trading at $272 on Sunday, July 6. That’s up by 140% from its lowest level in April. This rebound has brought its market cap to $4.1 billion and its daily volume to over $250 million. On-chain metrics compiled by Nansen indicate that whales have continued to buy AAVE over the past few days. Whales have increased their ...

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Markets Aave DeFi Price Analysis
$AAVE
$281.42
+2.58%
$XLM
$0.24834
+4.79%
$ETH
$2564.34
+1.93%

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