CandleFocus

AERO price steady as smart money accumulates, Nansen data shows

The Aerodrome Finance token (AERO) has seen a strong rally, with its price reaching its highest level since April and its trading volume increasing. Aerodrome is the leading decentralized exchange (DEX) protocol on the Base Blockchain, surpassing the Base versions of Uniswap and PancakeSwap in weekly volume. The platform has also seen an increase in total value locked (TVL) and has generated record fees through its Slipstream product. Smart money investors have shown strong interest in AERO, with 45 wallets holding the token, collectively owning nearly 14 million tokens. The token's price is on an upward trend and is currently above key moving averages, indicating bullish momentum. The next level to watch is $2.3727, its highest level in March.

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