AAVE, the cryptocurrency of the Aave platform, experienced a 9% rally in the past day due to several factors. Firstly, there is excitement within the Aave community about the potential launch of AAVE V3 on the Sonic blockchain. This proposal received almost 100% approval and is expected to enhance adoption and revenue potential for Aave. Secondly, Aave processed $210 million in liquidations after a flash crash on February 3, showcasing its resilience and stability. This has attracted investor interest and driven demand for AAVE. Lastly, there has been increased whale activity, with large-scale purchases of AAVE by whales encouraging retail investors to join in. Technical indicators also suggest a bullish trend for AAVE, and it could potentially retest a previous high of $375. Additionally, AAVE's futures market may face a short squeeze, further driving up the token's value if short holders are liquidated. It is important to note that this article is for educational purposes and does not constitute investment advice.



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