The AAVE token experienced a price rebound for the second consecutive day, recovering some of the losses from the previous week. This increase was attributed to smart money investors buying in and a decline in exchange balances. AAVE's strong fundamentals, being the second-largest player in the DeFi industry, also supported its performance. The decrease in exchange balances indicates that investors are holding onto their tokens. Furthermore, increased activity among smart money investors and their accumulation of AAVE tokens were seen as bullish signals. Donald Trump’s World Liberty Financial has become a significant buyer of AAVE tokens, owning over 6,000 coins. Technical analysis suggests that AAVE has more potential upside in the coming days, with various indicators supporting continued price growth.
- Content Editor ( crypto.news )
- 2024-12-23
AAVE price rises as smart money buys, exchange balances falls